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NEARLY HALF BLUE CHIPS DIVE OVER 30%

AsiaInfo Services, February, 2008

Content provided in partnership with HighBeam Research

AsiaInfo Services 02-27-2008 Nearly Half Blue Chips Dive over 30% SHANGHAI, Feb 27, 2008 (SinoCast via COMTEX) -- Half of the top 100 heavyweights in Shanghai and Shenzhen stock markets saw their share prices drop over 30 percent as at February 25, compared with the highest closing prices since last year. After several large-cap companies including Ping An Insurance, Shanghai Pudong Development Bank, China Merchants Property Development Co.

and Daqin Railway Co. have announced refinancing plans, which added great pressure on the stock market, related stocks dived or closed limit-down subsequently. Wind Info data show half of the top 200 index constituent stocks saw share prices drop over 25 percent than the highest closing prices since January 1, 2007. Over half of...

 

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