Today China Stock market reaches rising limitation

[dnol]

FYI.

China Stock market reaches rising limitation,9.46% and 9% for SHSE and SZSE.


China government is giving as strong support as possible to China economic.

And Morgan Stanley will be aquired by China Investment Company,still in negotiation.

Also ,China is helping USA to avoid more serious financial disaster,so .com will be a little safer. China controls 20% or so of Fannie Mae & Freddie Mac bonds in USA real estate market.

This is very good news for China related domain investments.

 

[ordersomething]

Source?

 

[dnol]

real time report from China

BEIJING, Sept. 19 (Xinhua) -- China stock prices rose to the daily limit in the morning session after opening 9.06 percent higher on Friday, after the government moved to scrap the stamp tax on stock purchase a day earlier in a move to boost the equities market.

The benchmark Shanghai Composite Index reached 2,075.08 points, up 9.45 percent or 179.24 points from the previous close around 10:30 in the morning, and stopped to rise further. The index was trimmed a bit upon closing to hit 2,075.09 points, up 9.46 percent.

The smaller Shenzhen Component Index also shot to the daily limit and closed the morning session at 7,151.45 points, up 8.97 percent or 588.38 points.

Almost all the stocks on both bourses rose to the daily limit, except those which suspended trading on Friday. The special treatment stocks, companies of which suffer losses for two consecutive years, are allowed to rise no more than 5 percent.

http://stock.baidu.com/cn/chart/bf/0/000001.png

 

[DNP]

Same thing all around the world: UK, Russia, Canada... Friday's news seemed to cool fears, giving a boost to all the US companies that were at the source of the panic. Merrill rose 34%, Bank of America gained 23%, AIG rose 43%, Morgan rose 21%, Goldman rose 20% and WaMu rose 42%

Well still long way to go up to make me happy