Shanghai stock exchange today
The Shanghai stock exchange started to recover today from a week of heavy hits with a jump of over eight percent. It was a predictable jump, after the financial authorities showed clear support for the market.
The decision by the CSRC, the China Securities Regulatory Commission, to approve to new mutual funds that had been halted earlier, was just the signal the market needed after earlier warning by prime minister Wen Jiabao and the disastrous winter weather.
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