China Market Roundup

By George P

At close today (3pm China time), the Shanghai Stock Exchange closed at 3668.90 points (down 3.96%), but not quite as bad as the Shenzhen Exchange, which closed at 12489.021 (down 5.44%).

Just an indication of how badly the Shanghai Index has been performing since the start of the month:

Date	Gain/Decline
18/03/08	-3.96%
17/03/08	-3.60%
14/03/08	-0.22%
13/03/08	-2.43%
12/03/08	-2.30%
11/03/08	+0.47%
10/03/08	-3.59%
07/03/08	-1.39%
06/03/08	+1.59%
05/03/08	-0.99%
04/03/08	-2.32%
03/03/08	+2.06%
Total	-16.68%

Down 16.68 percent since the start of March.

A Shares	Up: 17	Unchanged: 56	Down: 777
B Shares	Up: 0	Unchanged: 1	Down: 53

A couple of big losers today on the Shanghai Market:

国电电力

6.98

-9.94%

GD POWER DEVELOPMENT CO., LTD

西宁特钢

14.35

-9.92%

Xi Ning Special Steel Co., Ltd

While I'd like to make some positive remarks, it is pretty difficult.

- GP

I raise my nose at you, the chinese stock market!!

-H