Shanghai Effect 2007

Traders chat Monday March 5, 2007 at Shanghai Stock Exchange in Shanghai, China. China's benchmark Shanghai Composite Index fell 1.6 percent on Monday as investors sold off holdings in foreign-currency denominated 'B-shares' after officials denied rumors those stocks might be merged with the mainstream Chinese-currency shares. The main Shanghai Composite Index closed at 2,783.31. (AP Photo/Eugene Hoshiko)



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A broker reads a newspaper at the Shanghai Stock Exchange in Lujiazui Financial Area in Shanghai March 1, 2007. China's main stock index fell more than 3 percent in early trade on Thursday, hit by renewed selling in financial blue chips after the companies' Hong Kong-listed H shares performed poorly. REUTERS/Aly Song (CHINA)


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A broker watches her monitor at the Shanghai Stock Exchange in Lujiazui Financial Area in Shanghai March 1, 2007. China's main stock index fell more than 3 percent in early trade on Thursday, hit by renewed selling in financial blue chips after the companies' Hong Kong-listed H shares performed poorly. REUTERS/Aly Song (CHINA)


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A woman watches stock movements at the Shanghai Stock Exchange in Lujiazui Financial Area in Shanghai March 1, 2007. China's main stock index fell more than 3 percent in early trade on Thursday, hit by renewed selling in financial blue chips after the companies' Hong Kong-listed H shares performed poorly. REUTERS/Aly Song (CHINA)



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A view of the Shanghai Stock Exchange in Lujiazui Financial Area in Shanghai March 1, 2007.China's main stock index fell more than 3 percent in early trade on Thursday, hit by renewed selling in financial blue chips after the companies' Hong Kong-listed H shares performed poorly. REUTERS/Aly Song (CHINA)



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Chinese investors chat in front of the stock price billboard at a private security company Friday March 2, 2007 in Shanghai, China's commercial hub. Chinese shares rose Friday as investors snapped up bargain blue chips following losses earlier in the week. The benchmark Shanghai Composite Index gained 1.2 percent to 2,831.53. (AP Photo/Eugene Hoshiko)



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A Chinese investor looks at the stock price billboard at a private security company Friday March 2, 2007 in Shanghai, China. Chinese shares rose Friday as investors snapped up bargain blue chips following losses earlier in the week. The benchmark Shanghai Composite Index gained 1.2 percent to 2,831.53. (AP Photo/Eugene Hoshiko)



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Chinese investors play cards in front of the stock price billboard at a private security company Friday March 2, 2007 in Shanghai, China's commercial hub. Chinese shares rose Friday as investors snapped up bargain blue chips following losses earlier in the week. The benchmark Shanghai Composite Index gained 1.2 percent to 2,831.53. (AP Photo)



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AND THE WINNER IS!!!






Investors react to the latest share prices at Philippine Stock Exchange in Makati. Asian stock markets came under fresh selling pressure in early trade on Monday, tracking Wall Street lower amid continued anxiety about the health of global markets, dealers said. They said that investors in the region were keeping a close watch on the Shanghai market where share prices extended losses in morning trade as a keenly anticipated speech by Premier Wen Jiabao's provided few new leads.(AFP/Romeo Gacad)
AFP - Mon Mar 5, 2:22 AM ET






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Many thanks to the Associated Press, Agence France-Presse, Reuters Photographer