China’s Stocks Fall Most in Week as Property, Coal Shares Slump – Bloomberg 08-05-13

Salient to Investors:

Zeng Xianzhao at Everbright Securities said investors are getting mixed signals on the property market and the uncertainty over real-estate policies is dragging the industry lower which in turn is pulling the main index down. Zeng said there is still uncertainty about the strength of the economy.

Rhee Chang Yong at the Asian Development Bank said they may lower growth forecasts for China for 2013 and 2014 in October.

The Shanghai Composite Index is at 8.3 times estimated earnings versus 10 times for the MSCI Emerging-Markets Index.

Read the full article at http://www.bloomberg.com/news/2013-08-06/china-s-stock-futures-fall-after-5-day-rally-for-benchmark-index.html

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