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September 16, 2008

Lehman Troubles Hit Chinese Stocks

Today is the first day back to work after a mandatory Chinese national 3-day holiday, but the markets were active yesterday (Monday) in the United States, where Lehman's troubles helped tumble Chinese tech stocks: Ctrip.com dropped 7%, Shanda fell 4%, Sohu.com fell 8%, China Netcom dipped by 7%, Baidu fell 3%, and the list continues… Xiang Ji posted pics on her blog and was down at the headquarters of Lehman in New York where security was tight and employees were departing.



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