Sunday, May 27, 2007

China shares hit new all-time high

(Reuters) - Gainers overwhelmed losers by 767 to 102. Turnover in Shanghai A shares was very heavy at 137.5 billion yuan , up from Friday morning's 107.0 billion yuan.




Traders said there was no fresh, major positive news behind the rally, but individual investors were encouraged by the market's strength last week in the face of an interest rate hike and former U.S. Federal Reserve chairman Alan Greenspan's warning that stocks were dangerously overvalued.


Read more at Reuters.com Hot Stocks News

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