\nFrom the Los Angeles Times:\n<\/p>\n
\nChina’s volatile stock market took another beating today, with the Shanghai composite index plunging more than 8%. It was the second-biggest drop in a decade after an 8.8% decline in late February helped trigger a global sell-off.<\/p>\n
Stock markets in Asia largely shrugged at the latest rout in Chinese shares<\/a>, suggesting that investors overseas don’t see the decline as a bad omen for the nation’s booming economy. Hong Kong’s Hang Seng index was in positive territory. The Shanghai composite index has tumbled more than 15% since Wednesday, when the central government tripled its tax<\/a> on stock trades to curb rampant speculation. Yet even after today, the Shanghai index is still up 37% for the year, on top of a 130% increase in 2006. [Full Text]<\/a>\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
From the Los Angeles Times: China’s volatile stock market took another beating today, with the Shanghai composite index plunging more than 8%. It was the second-biggest drop in a decade after an 8.8% decline in late February helped trigger a global sell-off. Stock markets in Asia largely shrugged at the latest rout in Chinese shares, […]<\/p>\n","protected":false},"author":38,"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":[2,1051],"tags":[3504,388],"class_list":["post-13025","post","type-post","status-publish","format-standard","hentry","category-economy","category-top-article","tag-shanghai-composite-index","tag-stock-market","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n
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