China Shrs Down Midday

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China Shrs Down Midday Monitor 05-20-2008
Posted by Monitor on May 20, 2008, 12:42 am
China Shrs Down Midday

China shares down at midday, with banks leading decliners

as 50 bps reserve requirement ratio hike takes effect today.
Pharmaceutical

firms also down sharply on profit-taking after strong gains recently
on

expectations of rising demand due to earthquake-related rescues.
Shanghai

Composite down 1.2% at 3561.51, tipped around 3600 in coming days.
Shenzhen

Index down 1.5% at 1103.61

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