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December 2, 2008 10:22:11 PM CST


Shanghai Composite Index

Shanghai Composite Index news stories

3 Stories



 Asian Markets Plunge Again 


Key indexes down across board amid continuing recession fears

(Newser) - Share prices tumbled in Asia again today amid fears of a US recession and a braking global economy, reports MarketWatch. The key Nikkei 225 Stock Average plummeted 10%, the Hang Seng Index dropped 7.6%, and the China Enterprises Index lost 9.9%. The MSCI Asian Pacific Index—set for its biggest drop in history—plunged 7.8%, and Australia's S&P/ASX 200 index slid 6.9%. More »

More about:  Financial Crisis recession Asian markets Nikkei 225 Stock Average Hang Seng Index Shanghai Composite Index

Chinese Markets Surge to
Record High

Investors fight off anxiety over US subprime woes

(Newser) - China’s securities markets recovered from Wednesday’s Pan-Asian slump and then some, surging to their third new record this week in today's trading. The Shanghai Composite Index climbed 3.5% and the Shenzhen gained 2.3% after the codependent Nikkei and Hang Seng tumbled Wednesday on concerns about the stability of the subprime-backed US Market. More »

More about:  China subprime mortgages stocks Nikkei Chinese economy Hang Seng Chinese stock market Shanghai Composite Index

China's Stock Market Drops 8%

Fear of more government regulations drives rampant selling

(Newser) - 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 »

More about:  China business stocks taxes Chinese stock market trading Shanghai Composite Index

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