China’s Christmas Rate Hike Drags Banking Shares Lower

by | Dec 27, 2010 | Towing

China’s 25 basis point hike in the one-year base lending rate sent banks spiraling and crippled real estate shares. The Shanghai Composite Index sank 1.9%, but in Japan the Nikkei 225 Index rose 0.8%. The Hong Kong Stock Exchan…

Dow Dives Below 11,000 on China Rate Hike, Earnings

by | Oct 19, 2010 | Towing

Stocks fell sharply Tuesday after a surprise rate hike from China’s central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.
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