Wednesday, May 23, 2007

China shares slip after Greenspan bubble warning

(Reuters) - Greenspan told a teleconference in Madrid on Wednesday that China's equities bull run, which has more than tripled the index since the start of last year, could not last. The warning hurt stock markets in New York and Asia.




Analysts in Shanghai said Greenspan's comments helped to spur selling in the Chinese market on Thursday because some local investors were increasingly worried about a bubble.


Read more at Reuters.com Hot Stocks News

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