Asian markets closed lower Thursday. Whispers that Chinese banking regulators might boost capital adequacy ratios sent shudders through the market and shares in Chinese banks lower. The Shanghai Composite Index sank 1.9% and in Hong Kong the Hang Seng Index inched down 0.2%. Japan’s Nikkei 225 Index dipped 0.1%.
Continue reading Rumors of New Chinese Banking Regulations Impact Lenders’ Shares
Rumors of New Chinese Banking Regulations Impact Lenders’ Shares originally appeared on DailyFinance on Thu, 16 Sep 2010 06:45:00.