BENCHMARK SHANGHAI STOCK INDEX FELL TO BELOW 4,600
AsiaInfo Services, February, 2008
AsiaInfo Services 02-22-2008 Benchmark Shanghai Stock Index Fell to below 4,600 SHANGHAI, Feb 22, 2008 (SinoCast via COMTEX) -- Battered by the negative news that Shanghai Pudong Development Bank (SHSE: 600000) raises a huge amount of capital, the benchmark Shanghai stock index tumbled to below 4,600 on February 20. SSE (Shanghai Stock Exchange) Composite Index opened at 4,682.59 and closed at 4,567.03, dropping 97.27 points or 2.09 percent, while SSE (Shenzhen Stock Exchange) Component Index opened at 17,288.52 and ended at 16,959.2, down 322.4 points or 1.87 percent. CSI 300 Index, a cap-weighted index tracks the daily price performance of the 300 most representative A-share stocks listed on the Shanghai and Shenzhen Stock Exchanges, declined 112.03 points or 2.23...
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