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Strategies & Market Trends : SiliconInvestor All Stars Forum

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To: Bid Buster who wrote (325)	2/27/2007 2:52:48 PM
From: $Mogul	Read Replies (1) of 1718

China's stock market declined 9% overnight. Part of the reason may be that their market was closed last week for the new year and the Reserve Requirement increase occurred on Friday before vacation. (I think after the close.) So traders there have only had this week to react. Seasonality is rolling over in China as it is with most world stock markets, however. China's stock market rose nearly 200% in 2006. China's stock market declined 9% overnight. Part of the reason may be that their market was closed last week for the new year and the Reserve Requirement increase occurred on Friday before vacation. (I think after the close.) So traders there have only had this week to react. Seasonality is rolling over in China as it is with most world stock markets, however. China's stock market rose nearly 200% in 2006. 2/16 China Raised Reserve Requirements by 50 Basis Points; Indonesia GDP Declines The People's Bank of China said it has hiked bank reserve requirements, to take effect on Feb 25. The central bank said reserve requirements have been raised by 50 basis points, which would bring the reserves most banks would have to maintain up to 10 pct.

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