Tuesday, February 27, 2007
Chinese Stocks Fall
The Chinese stock had there biggest drop in a decade February 27, falling nearly 9 percent. Rumors that China is going to impose a capitol gains tax resulted in regional markets falling. The Chinese regulators jumped into damage control Wednesday, with a government run newspaper denying all rumors for a 20 percent capital gains tax on stock investments. (Elaine Kurtenbach- Shanghai, AP)
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