January 14, 2010 at 17:59 PM EST
China Stocks Wobble In Fierce, Wild Moves
Most Chinese issues got whacked after the People's Bank Of China raised the reserve requirement ratio, that percentage of deposits held in cash reserves instead of lent out. Some have since rebounded since the sell-off, but others have fallen flat. China Automotive Systems (CAAS) sank 6% Tuesday, then lost 1% Wednesday. But in posting Wednesday's smaller loss, China Auto actually closed in the upper 30% of the day's range. That may have been seen
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