Direct hit to market unlikely

SHANGHAI: Investors are reeling after the main stock index took a hit from the US financial turmoil last week to fall below 2000 points for the first time in 22 months.

But analysts said the Wall Street crisis might not have much direct impact on the mainland equity market given its limited investment exposure to global capital markets.

The mainland equity market fell sharply last Tuesday in response to carnage on Wall Street, rebounding later in the week when the US government unveiled its rescue plan.