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To: TobagoJack who wrote (767)	4/24/2003 9:54:04 PM
From: TobagoJack	Read Replies (1) \| Respond to of 867

Virus-induced panic selling filters through to wider mainland market Friday, April 25, 2003 markets.scmp.com BEI HU Sars-induced panic selling of mainland stocks spread to the wider market yesterday as the growth in atypical pneumonia cases shook investor confidence and deflated hopes for a quick rebound. The Shanghai A-Share Index declined 40.272 points or 2.49 per cent to 1,573.058. The Shenzhen A-Share Index dropped 12.6 points or 2.76 per cent to 442.81. "[Sars] has dealt a heavy blow to investor confidence," said Guotai Junan Securities analyst Xu Lingfeng. "The market fluctuations may represent an over-reaction to it." Shares on the mainland have tumbled this week after the government sacked its health minister and the mayor of Beijing and admitted that the number of Sars cases in the capital city was 10 times higher than previously reported. As the number of cases continues to grow, the fallout in the stock market has rippled through sectors previously untouched by China's decision to shorten the week-long May Day holiday and discourage long-distance travel. "At the beginning, [the share-price falls] were limited to a few, directly affected sectors," Mr Xu said. "Now, if the virus spreads farther and lasts longer, the entire gross domestic product may slow, and the effect will no longer be limited to aviation, transportation, retail and catering." The Shanghai-listed A shares of China United Telecommunications, parent of the country's No 2 cellular carrier, fell 1.94 per cent. China Petroleum & Chemical, China's second-largest crude-oil producer, ended down 2.61 per cent. The A shares of Shanghai Automotive, a minority shareholder in a car plant controlled by General Motors, tumbled 7.91 per cent. The stock had gained 52.9 per cent this year.

To: TobagoJack who wrote (767)	4/30/2003 7:58:07 PM
From: TobagoJack	Respond to of 867

PetroChina surges on Buffett spree Wednesday, April 30, 2003 ERIC NG markets.scmp.com PetroChina's shares surged 3.509 per cent yesterday after news that billionaire investor Warren Buffett's New York-listed Berkshire Hathaway had spent HK$1 billion to boost its stake from 0.9 per cent to 1.3 per cent in the company between April 17 and last Thursday. Shares in China's largest oil producer ended the trading day at $1.77, as 186.93 million shares changed hands for a total of $331.06 million. The close was the highest since June 2001. The trading volume has however come down from the 358.88 million shares traded last Thursday. According to a disclosure filed at Hong Kong Exchanges and Clearing, Berkshire bought 176.58 million shares on April 17. No transaction price was revealed. Assuming it was struck at the day's closing price of $1.67, it cost Berkshire $294.89 million. The disclosure made yesterday of Berkshire's latest filing also revealed that the company had bought 162.08 million shares at $1.668 on April 22, 105.24 million shares at $1.67 each last Wednesday and 216.51 million shares at $1.61 last Thursday. It is not known whether or how many shares Berkshire may have bought since Thursday, as it takes a few days for filings of substantial changes in a shareowner's holdings to be reported.