(Bloomberg) -- China's stocks plunged by the most
in three weeks after central bank Governor Zhou Xiaochuan said
shares may be overvalued and he doesn't rule out raising
interest rates.
``Zhou's remarks are damping sentiment,'' said Fan Dizhao,
who helps manage $1.8 billion at Guotai Asset Management Co. in
Shanghai. ``Investors may be selling for fear of further
policies that will discourage speculation.''
Read more at Bloomberg Stocks News
in three weeks after central bank Governor Zhou Xiaochuan said
shares may be overvalued and he doesn't rule out raising
interest rates.
``Zhou's remarks are damping sentiment,'' said Fan Dizhao,
who helps manage $1.8 billion at Guotai Asset Management Co. in
Shanghai. ``Investors may be selling for fear of further
policies that will discourage speculation.''
Read more at Bloomberg Stocks News
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