06 October 2008 10:38 [Source: ICIS news]
At the same time, the benchmark Shanghai Stock Exchange Composite index retreated 5.23% to 2,173.74 points, following a week-long holiday.
“Investor worries have now shifted beyond just the
“There are now acute worries of a global recession and more failures of banks out [in] the
The passage into law of a controversial $700bn US financial rescue package last week failed to assuage investor concerns about a major fallout from the raging credit crisis and there were fresh worries in Europe in the wake of the German government’s €50bn ($68bn) lifeline to banking group Hypo Real Estate over the weekend.
($1 = €0.73)
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