Recovery seems very far as China share prices closed down 5.34 percent on 18 August 2008, Monday as investors are largely worrying about a potential slow down in China’s economy. This is not the only worrying factor now as selling restriction were going to be lifted.
The benchmark Shanghai Composite Index or SSEC, which consists of both A and B shares sheded 130.74 which settled at 2,319.87 on a turnover of 35.9 billion yuan.
Hang Seng Index, HSI was seen to have dropped 1.09 percent or 229.91 points in light of China stocks continued sell-down.
It is really unknown when the selling will stop but a near term recovery due to bargain hunting could triggered a short term rebound in share prices in both SSE and HSI.
All above are of personal opinion and not at all an inducement to trade.