Shanghai Composite Index Stages Panic Selloff on New IPO Announcements – Recovers On Likely Government Intervention

The Shanghai Composite Index had a wild afternoon today, with a sudden, sharp 2.2 percent selloff on heavy volume – bouncing off of 4-month lows, and then an equally sudden recovery. At the end of the day, the Index fell 9.34 points to start the week for …
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