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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63651)	5/13/2002 1:38:43 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

I thought this was a US problem, but! Stan. China shares down at noon on regulatory probe sg.biz.yahoo.com SHANGHAI, May 13 (Reuters) - China's stocks fell on Monday morning as investors avoided the market, fearing a regulatory investigation into corporate governance at all listed firms may uncover a slew of scandals, brokers said. By midday, the Shanghai B share index <.SSEB> had fallen 1.29 percent to 141.094 points, while Shenzhen's <.SZSB> was down 0.89 percent at 221.16. B shares are open to foreigners and Chinese citizens. State newspapers said regulators would launch a nationwide investigation into all listed companies, taking a look at their management, corporate transparency and protection of investor interests. The probe will end in November. Domestic A shares, off limits to foreigners, were also down more than one percent by the noon break as the investigation made investors more cautious, brokers said. Sentiment was further weighed by poor first quarter company earnings, they said.