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Thursday, September 27, 2012

As Chinese Stocks Slip, Funds Move In

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And the Pakistani stock markets have a nose dive with trillion of rupees into ashtray.

Chinese shares fell to their lowest intraday level in nearly four years on Wednesday, and some foreign fund managers say they are ready to jump in.

The benchmark Shanghai Composite Index for shares listed on mainland China, known as A shares, briefly dipped below the 2,000 level for the first time since February 2009, before closing at 2,004.17. The index has fallen almost 9% so far this year amid worries over a slowing economy and the uncertainty surrounding a planned once-a-decade leadership change.

That makes it one of the world's worst-performing equities markets in an otherwise positive year. As of ...

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