Thursday, December 22, 2011

Chinese Stocks and Other Asian Stocks Falling.

The Shanghai Composite is down 1.3% right now, extending a three day sell-off. Investors seem to be getting increasingly worried about a hard landing scenario.

All of the other Asian markets are also trading down.
China’s stocks fell for a fourth day as investors speculated Europe’s debt crisis will worsen and lending to small companies may drop as banks hoard cash to meet year-end reserve-ratio requirements.

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