SSE Shanghai -7% - Party is overed

SSE A SHARE IDX (First sign of party over - Sganhai fell 373 points or 7%)

The Shanghai Composite has gained 82 percent this year, the world's second-best performing stock market, after slumping 65 percent in 2008. The index, which doubled in 2006 and 2007, remains 2,789.84 points below its peak of October 2007.

Stocks on the Shanghai index trade at 36.6 times earnings, the highest since January 2008 and more than twice the 17 times fetched by the MSCI Emerging Markets Index.

Sponsored Links