Tuesday, May 29, 2007

Wednesday's Sell Off

China's Shanghai Index is trading down over 6% about half way through its trading day. It is mostly in part to transaction fees tripling in their trading markets. I think it is mostly due to a government that is trying to cool the market a little. They have had an incredible run, and it is bound to come down some.

Remember, on Feb 27, Chinese markets sold off 9% and the down dropped 500 points. You'd have to think that we'll see some response tomorrow in our markets.

Here's the details via Bloomberg, which is the best worldwide resource if you're trying to keep track of the world markets 24/7.

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