Wednesday, April 18, 2007

China Shares Slide Most in Seven Weeks on Concern Over Tightening Measures

(Bloomberg) -- China's stocks fell, set for their biggest decline in seven weeks, on speculation delayed economic reports to be released today will lead to higher interest rates. China Vanke Co. declined.

``The market is concerned that the GDP and other economic figures will be stronger than expected and prompt the government to raise interest rates,'' said Zhang Ling, who manages the equivalent of $1.1 billion at ICBC Credit Suisse Asset Management Co. in Beijing. ``That's providing a good excuse to sell shares in a market that has risen so much.''


Read more at Bloomberg Stocks News

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