Bulls Are On Charge Despite Worries Over China Demand ; Market Round-Up [Edition 2]

Evening Standard - London › July 29, 2009

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Summary

STOCK-MARKET bulls were on the charge again today, brushing aside growing fears that the great Chinese takeaway may be coming to an end.

Overnight share prices fell sharply in Shanghai and Hong Kong amid fears that the Chinese authorities may be taking steps to cool the pace of share prices and economic growth. Hong Kong lost almost 2.5% while Shanghai was down a whopping 5%. This had an immediate knock-on effect on US futures and options, and then began to rattle around the London marketplace.

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Bulls Are On Charge Despite Worries Over China Demand ; Market Round-Up [Edition 2]

But City investors are made of sterner stuff. They are riding on such a high at the moment that they chose to ignore suggestions that anything could derail the London stock market's current bull run....

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