|
 BEIJING (AP) - Chinese stocks dropped Friday for a second time in three days following government efforts to cool a sizzling market that economists worry may be creating a price bubble.
The benchmark Shanghai Composite Index ended down 2.7 percent at 4000.74 after briefly rising in heavy trading. The Shenzhen Composite Index for China's smaller second market fell for a third straight day, ending down 5 percent at 1128.57.
Stocks fell Wednesday after the government boosted a tax on trading to rein in a market boom that has pushed up prices more than 50 percent this year. But the main Shanghai index rebounded Thursday, ending the day up 1.4 percent.
|