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| Saturday, August 30, 2008 05:56:06 |
Shanghai index may continue downward trend
The Shanghai stock market may continue to slide early this week amid concern over government moves to further soak up liquidity, the Shanghai Securities News reported. The benchmark Shanghai Composite Index gained 1.12% last week to close at 5,277 points Friday, but news of an increase in bank reserve ratio requirements and a Treasury bill issue sparked a round of redemption Friday which dragged the index down from its record Thursday close of 5,393 ...
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