BANK STOCKS DIVE TRIGGERED REAL ESTATE STOCKS DECLINE
AsiaInfo Services, February, 2008
AsiaInfo Services 02-22-2008 Bank Stocks Dive Triggered Real Estate Stocks Decline SHANGHAI, Feb 22, 2008 (SinoCast via COMTEX) -- Dragged by the negative news that Shanghai Pudong Development Bank (SHSE: 600000) planned to raise a huge amount of capital, all bank stocks on China's stock market tumbled on February 20. Moreover, real estate stocks that are in close relation to the bank stocks also dropped accordingly, falling by 1.6 percent in terms of arithmetical average. Fifteen of total 75 real estate stocks closed in red.
Beijing Mainstreets Investment Group Corporation (SZSE: ...
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