Sensex reversal in India and China stock market crash of 6.8% - the start of the end of emerging economy booms
Sondra Johnson
May 30, 2007

The Chinese and Indian economies were flying with one engine for a long time. The bubble is so large that 1929 bubble in America is miniscule. The bubble is fueled by unrestrained borrowing by the public and the Governments.

The end game may have started. The BSE-30 share index, Sensex, which gathered over 110 points yesterday, lost 96.83 points, or 0.67 per cent at 14,411.38 after touching the day's high of 14,576.37 and a low of 14,379.21.

The CSI 300 (China) Index dropped 281.83, or 6.8 percent, to close at 3886.46 in Shanghai, the biggest fluctuation among markets included in global benchmarks. The value of local stocks has more than doubled this year to $2.47 trillion and brokerage accounts topped 100 million for the first time this week.

``The Chinese government is concerned that there's too many people in the market, and they''re gambling,'''' Mark Mobius, who oversees some $30 billion as managing director of Templeton Asset Management Ltd., said in an interview in Hong Kong. ``It's good for people to not expect that markets go up continuously.''''

Sensex reversal in India and China stock market crash of 6.8% - the start of the end of emerging economy booms
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The Chinese and Indian economies were flying with one engine for a long time. The bubble is so large that 1929 bubble in America is miniscule. Unrestrained borrowing, by the public and the Governments fuels the bubble.
READ MORE>>

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