Source:
http://article.wn.com/view/2011/01/24/Threat_of_Worsening_Inflation_Drags_Shares_Lower_in_China/
world today news www.world news world news latest updated news channel 12 news long island
Monday, January 24, 2011
Threat of Worsening Inflation Drags Shares Lower in China
Asian shares were mixed Monday. In China the Shanghai Composite Index fell 0.7% to 2,696 and in Hong Kong the Hang Seng Index edged down 0.3% to 23,802. However, Japan's Nikkei 225 Index climbed 0.7% to end the day at 10,345. Chinese New Year's Holiday Could Drive Prices Up Further Chinese shares closed lower as investors worried that inflation could rise further in the lead-up to Chinese New Year. It's the custom to buy new things at Chinese New Year: wear a new outfit, clean out the house, buy a new fridge. And all this shopping generally drives up prices -- not good news in a country where the price of everything from...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment