Wednesday, May 9, 2007

Shanghai index breaches 4k

Shanghai stock index surges past 4.000 (AP)

Chinese investors check stock prices at a securities company Wednesday, May 9, 2007 in Shanghai, China's financial hub. Shanghai's stock index briefly rose above the key 4,000 mark Wednesday as investors shrugged off official warnings of a possible market bubble amid soaring corporate profits. The benchmark Shanghai Composite Index rose as high as 4,014.31 before settling back to 3,926.45 at midday. (AP Photo/Eugene Hoshiko)AP - Shanghai's stock index burst through the psychologically important 4,000 point mark on Wednesday as investors shrugged off official warnings of a possible market bubble amid soaring corporate profits.


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