Monday, 21 May 2007

China shares rise, hit record despite rate hike

(Reuters) - SHANGHAI - China's bullish stock market shrugged off the central bank's most aggressive monetary tightening this year, hitting a fresh all-time high on Monday as individual investors poured money into shares.




But some fund managers and analysts said the market might be storing up trouble for the future, as a continued climb could leave stocks vulnerable to a bigger pull-back or prompt Chinese authorities to take more steps to cool the bull run.


Read more at Reuters.com Hot Stocks News

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