Shanghai Composite Up Quickly, Then Down Quickly

Posted by Bull Bear Trader | 4/23/2008 07:35:00 AM | | 0 comments »

The Shanghai Composite market fell below 3,000, after rising as high as 6,000 just four months ago. The composite first approached 3,000 in the first quarter of 2007, on its way to over 6,000 in October. The recent sell off has the Chinese stock exchange worried, causing it to include rules that restrict large share sales by controlling investors, thereby reducing the amount of new paper hitting the market. So far, the new rules are having little impact.