(Bloomberg) -- China's key stock index fell from a
record on concern new share sales will draw funds from existing
equities and the central bank will raise interest rates. China
Merchants Bank Co. declined.
``Rumors of interest rate increases prompted a sell-off in
the afternoon,'' said Wei Wei, an analyst at West China Securities
Co. in Shanghai. ``And the fast pace of new share sales has
dampened sentiment.''
Read more at Bloomberg Stocks News
record on concern new share sales will draw funds from existing
equities and the central bank will raise interest rates. China
Merchants Bank Co. declined.
``Rumors of interest rate increases prompted a sell-off in
the afternoon,'' said Wei Wei, an analyst at West China Securities
Co. in Shanghai. ``And the fast pace of new share sales has
dampened sentiment.''
Read more at Bloomberg Stocks News
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