From International Herald Tribune:
After another feverish day of buying in this country’s amazing bull run, share prices in China broke records again Wednesday, sending the benchmark Shanghai composite index past the 4,000-point milestone for the first time.
On a day when share prices also rallied in Hong Kong and Shenzhen, the Shanghai composite closed at 4,013.09 points.
Share prices have already risen 50 percent in Shanghai this year after a 130 percent gain last year. In just over four months, the Shenzhen composite index is up 100 percent this year.
The sharp gains are once again raising concerns about possible government intervention in a market that is wasting no time rewriting the record books.[Full Text]
-Also see What China 4000 Means from the Wall Street Journal
