{"id":11424,"date":"2007-02-27T21:47:55","date_gmt":"2007-02-28T04:47:55","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/02\/27\/shanghai-rebounds-after-authorities-douse-rumours-ap\/"},"modified":"2007-02-27T21:47:55","modified_gmt":"2007-02-28T04:47:55","slug":"shanghai-rebounds-after-authorities-douse-rumours-ap","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/02\/shanghai-rebounds-after-authorities-douse-rumours-ap\/","title":{"rendered":"Shanghai rebounds after authorities douse rumours &#8211; AP"},"content":{"rendered":"<p>The <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/6400789.stm?ls\">domino effect<\/a> is to be seen following <a href=\"\/2007\/02\/black_tuesday_in_china_shuching_jean_chen_and_vivian_wa.php\">China&#8217;s Black Tuesday<\/a>.<\/p>\n<p>From AP, via The Sydney Morning Herald:<\/p>\n<blockquote><p>Chinese regulators shifted into damage control, denying rumours of plans for a 20 per cent capital gains tax on stock investments as share prices recovered modestly today following their worst plunge in a decade.<\/p>\n<p>About an hour after trading began, the Shanghai Composite Index was up 1.2 per cent to 2,804.28 after opening down 1.3 per cent.<\/p>\n<p>Yesterday, it tumbled 8.8 per cent, its largest decline since February 18, 1997.<\/p>\n<p>Concerns about slowdowns in the Chinese and US economies sparked Wall Street&#8217;s worst drop since the September 11, 2001 terror attacks. <a href=\"http:\/\/www.smh.com.au\/news\/business\/asian-stocks-skid-after-china-wall-st-slide\/2007\/02\/28\/1172338684966.html\">[Full Text]<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The domino effect is to be seen following China&#8217;s Black Tuesday. From AP, via The Sydney Morning Herald: Chinese regulators shifted into damage control, denying rumours of plans for a 20 per cent capital gains tax on stock investments as share prices recovered modestly today following their worst plunge in a decade. About an hour [&hellip;]<\/p>\n","protected":false},"author":117,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[4534,388],"class_list":["post-11424","post","type-post","status-publish","format-standard","hentry","category-economy","tag-black-tuesday","tag-stock-market","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shanghai rebounds after authorities douse rumours - AP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2007\/02\/shanghai-rebounds-after-authorities-douse-rumours-ap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shanghai rebounds after authorities douse rumours - AP\" \/>\n<meta property=\"og:description\" content=\"The domino effect is to be seen following China&#8217;s Black Tuesday. 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