(Bloomberg) -- Chinese stocks, the world's best
performers this year, fell after the country's central bank
raised interest rates to cool an investment boom in the world's
fastest-growing major economy.
The CSI 300 Index, which tracks yuan-denominated A shares
listed on the country's two exchanges, dropped 52.13 points or
1.4 percent to 3724.50 at 9.36 a.m., after falling as much as 3.5
percent. The measure has climbed 88 percent in dollar terms this
year, leaving it valued at 35 times estimated earnings. It's the
most expensive of the world's 10 largest stock markets, according
to data compiled by Bloomberg.
Read more at Bloomberg Stocks News
performers this year, fell after the country's central bank
raised interest rates to cool an investment boom in the world's
fastest-growing major economy.
The CSI 300 Index, which tracks yuan-denominated A shares
listed on the country's two exchanges, dropped 52.13 points or
1.4 percent to 3724.50 at 9.36 a.m., after falling as much as 3.5
percent. The measure has climbed 88 percent in dollar terms this
year, leaving it valued at 35 times estimated earnings. It's the
most expensive of the world's 10 largest stock markets, according
to data compiled by Bloomberg.
Read more at Bloomberg Stocks News
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