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CHINA RAISE INTEREST RATE AGAIN
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allantanhc
Veteran |
19-Aug-2006 16:20
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On 27 April 2006, China raised interest rates for the first time since October 2004, by 27 basis points from 5.45% to 5.85% . Then China shares mostly dropped double digits in May. China Paper -25% China Milk -20% China Wheel -28% China Essence -20% China Fishery -35% China Sun -35% If this is any guide, the same quantum hike of 27 basis points this time could be again negative for China shares. Let's be careful if you are holding Chinese stocks. |
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