Tuesday, June 12, 2007

China Stocks Gain, Erasing Drop, as Savings Pour In: World's Biggest Mover

(Bloomberg) -- China's stocks rose for a sixth
straight day, erasing earlier losses, as investors shrugged off
concern that accelerating inflation will trigger further
increases in interest rates.

Shanghai Automotive Co., China's largest carmaker, and 19
other stocks on the index rose by the 10 percent daily limit.
Jiangxi Copper Co. jumped on concern that possible strikes at
mines in Chile, the world's largest source of the metal, and
Mexico will cause further gains in the price of copper.


Read more at Bloomberg Stocks News

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