November 20, 2008
Stock up 1.3%, despite capital diversion to new shares
Chinese stock trading went smoothly today and prices ended up 1.3 percent. The Shanghai Composite Index finished at 3,915.99, up 50.27 points. Total turnover of stocks on the major indices was 102 billion yuan, higher than the 99 billion yuan of yesterday, or the smallest in four months.
Builders riding out stocks' slide
Top executives at the nation's major publicly traded homebuilders are showing some faith in their own battered stocks.
Wall Street drops as housing fuels profit worry
U.S. stocks fell on Tuesday after a weak consumer confidence report fueled concerns the housing slowdown could spread into the broader economy and hurt profits.
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