China:stock price plummeted 2.63% in morning session

Posted on Oct-23-2008 · by china investor ( china investor had published 8860 articles)

Today chinese stock market continue fall trend,although china government announces some new policy,including
tax exemption and mortgage deposits reduction for boost the real estate sector,and reduce the tax of exports sector,but because fear of the global financial crisis
and bad data of company income,many people sale out their share.
At the same time,I found some big stockjobber are continue buy share.Actually,the PE of china stock market is in the low level in history.I think it means the people’s cognition of market trend is dividing,So there will have more wave int the market.