SHANGHAI COMPOSITE INDEX CLOSED AT BELOW 4,000 ON MARCH 13

AsiaInfo Services 03-17-2008 Shanghai Composite Index Closed at below 4,000 on March 13 SHANGHAI, Mar 17, 2008 (SinoCast via COMTEX) -- Shanghai Composite Index, the benchmark stock index in China, closed at below 4,000 on March 13. The Shanghai index dropped to under 4,000 soon after opening and it once rose to above the mark boosted by the increase of coal stocks.

The index dived to 3,902.25 at the lowest during intraday trading, the record low since the correction in October last year. Led by China United Telecommunications Corporation (SHSE: 600050), China Merchants Bank (SHSE: ...

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