Stocks dive amid US woes
By Li Xiang | China Daily | Updated: 2011-08-09 07:43
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It was not just Shanghai's summer heat on Monday that caused brows to sweat. China's main share index ended down 3.8 percent, the biggest one-day decline since mid-November. The decline was fueled by a growing aversion to risk after Standard & Poor's downgraded the credit rating of the United States last week. Aly Song / Reuters |
Rating downgrade triggers panic sell-off as recession concerns grow
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