Wednesday, 23 May 2007

Chinese Stocks Fall in U.S. Trading After Greenspan Predicts Contraction

(Bloomberg) -- Chinese stocks trading in the U.S.
fell after former Federal Reserve Chairman Alan Greenspan said he
was concerned that equities in the world's fastest growing major
economy might undergo a ``dramatic contraction.''

China Petroleum & Chemical Corp., Asia's largest refiner,
led a decline in energy companies on the New York Stock Exchange.
Shares of China Life Insurance Co., the country's largest
insurer, also retreated.


Read more at Bloomberg Stocks News

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