Stocks in Shanghai, HK Fall

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Author: 123jump.com Staff
123jump.com
Last Update: 3:28 PM EDT May 07 2008

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Stocks in Shanghai and Hong Kong fell after the worries on global economic health resurfaced. Rising crude oil prices and falling import of copper played in the trading sentiment. Crude oil surged above $122 a barrel dragging stocks of oil refiners and marketers. China restricts the price companies can charge. China also increased regulatory oversight on management incentives given to listed companies.

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