Wednesday, 30 May 2007

European Stocks Retreat on China Concern, Led by LVMH, Standard Chartered

(Bloomberg) -- European stocks dropped the most in
two months after China increased taxes on securities trades,
sparking concern that global shares face another sell-off.

LVMH Moet Hennessy Louis Vuitton SA, Standard Chartered Plc
and BHP Billiton Ltd. led a decline by companies most dependent
for revenue in the world's fastest growing major economy. Total
SA and BP Plc fell after oil slumped yesterday.


Read more at Bloomberg Stocks News

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