Thursday, September 22, 2011

Chinese Developers Plunge in HK...

Chinese Developers Plunge in Hong Kong trading on Trust Financing Report

Chinese developers plunged in Hong Kong trading after Reuters said the nation’s banking regulator told trust companies to report dealings with Greentown China Holdings Ltd. (3900), sparking concerns of a funding squeeze.
So, the Government announces that it's going to look at one company, and the whole sector sells off. This bears watching for potential canary-in-the-coal-mine status.

Instability in Asian markets -- we mean, more than the usual -- would be a most inopportune (if not unexpected) development at this time.


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