Tuesday, June 5, 2007

China Securities Account Openings Slow to Two-Month Low Amid Stocks Rout

(Bloomberg) -- China's new securities account
openings were the lowest in almost two months on June 4 as a
stock-market rout, triggered by a tripling of the tax on share
trades, deterred people from entering the market.

The number of accounts set up for trading mainland shares
and investing in mutual funds totaled 240,485 that day, the
lowest tally since April 11, according to the latest figures
from the China Securities Depository & Clearing Corp.


Read more at Bloomberg Stocks News

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