Wednesday, May 30, 2007

US STOCKS-Wall St set to open lower after China drop

(Reuters) - NEW YORK, May 30 - U.S. stocks were set to open
down on Wednesday as a 6.5 percent drop in Chinese stocks hurt
other Asian and European shares and fueled fears the selling
could spread to U.S. markets.




The drop in Chinese stocks followed an announcement from
China's Ministry of Finance during Tuesday's U.S. trading
session of an increase in a stock trading tax intended to cool
China's heated market.


Read more at Reuters.com Bonds News

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