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July 25, 2008 6:13:20 PM CDT

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Stories related to: Chinese stock market

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7 Stories

  • January 2008

    • Feds Indict 'Spam King'

      newser  |  Reuters  |  Jan 4, 08 1:50 PM CST

      Feds Indict 'Spam King'

      A federal grand jury has indicted a Michigan man and 10 others for spamming and stock fraud, Reuters reports. Alan Ralsky and his associates face 41 counts related to using spam to promote little-traded Chinese stocks, artificially driving up prices, and then making a killing by selling the stock. Ralsky is one of the US’s most prolific spammers, prosecutors said. More »

      Tags

      spam  • Chinese stock market  • Internet fraud  • stock fraud

  • November 2007

    • PetroChina Becomes First Trillion-Dollar Company

      newser  |  Bloomberg  |  Nov 5, 07 8:14 AM CST

      PetroChina Becomes First Trillion-Dollar Company

      In its first day of trading, PetroChina Co. became the world’s most valuable company, hitting $1 trillion in market capitalization after shares nearly tripled to 43.96 yuan from an IPO of 16.7 yuan. It’s now worth more than the entire Russian stock market. Some analysts interpreted the valuation as  “an indication of China coming of age,” Bloomberg reports. For others, it’s a sign of an unsustainable market bubble. More »

      Tags

      China  • gas prices  • stocks  • Chinese stock market  • PetroChina  • Asian stocks

  • August 2007
  • June 2007

    • China's Stock Market Drops 8%

      newser  |  Financial Times (UK)  |  Jun 4, 07 1:20 PM CDT

      China's Stock Market Drops 8%

      China's stock market plummeted more than 8% today in one of the biggest drop-offs of the decade. A trading tax increase intended to cool a boom that drove stocks up over 50% last week has set off widespread worry. But unlike the February 28 skid that depressed worldwide markets, today's slump appeared to have little effect on other Asian exchanges. More »

      Tags

      China  • business  • stocks  • taxes  • Chinese stock market  • trading  • Shanghai Composite Index

  • May 2007

    • Chinese Stocks Plummet After Trading Tax Tripled

      newser  |  New York Times  |  May 30, 07 8:53 AM CDT

      Chinese Stocks Plummet After Trading Tax Tripled

      Chinese stocks plummeted today, after the finance ministry tripled a tax on trades in an effort to deflate a worrisome stock market bubble. A week ago, the ministry publicly pledged not to raise the tax. The reversal opens the government to heavy criticism if it triggers a serious rout. More »

      Tags

      China  • stocks  • money  • taxes  • market  • Chinese stock market

    • China's Stock Market Soars to Record

      newser  |  BBC  |  May 28, 07 8:17 PM CDT

      China's Stock Market Soars to Record

      Despite Alan Greenspan’s warning that the market was due for a correction, Shanghai’s stock market index topped 4000 today. So far this year the Chinese stock market has doubled. Since 2006 it has quadrupled. The main driving force behind the surge has been an odd form of democracy. More »

      Tags

      China  • stock market  • business  • investing  • Alan Greenspan  • Chinese stock market  • equity

    • China Markets Turn on Lucky Numbers

      newser  |  Wall Street Journal  |  May 24, 07 10:59 AM CDT

      China Markets Turn on Lucky Numbers

      The Journal probes the Chinese practice of picking stocks based on traditional lucky numbers. In a country where middle-class novices dominate the market, new investors snap up stocks with codes that include auspicious 8s, and steer clear of those with ominous 4s. That worries analysts aware of the ripple effect of Chinese trading. "This is a reflection of a very immature market," says a JPMorgan sinologist. More »

      Tags

      China  • business  • stock  • market  • Chinese stock market

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