The Party Is Over On The Bourses
On the electronic boards of China Southern Securities' trading floor in Beijing, the lights are almost all green--the color that represents falling stock prices. It's a familiar hue in China these days: The Shanghai and Shenzhen A-share exchanges have lost almost 15% of their value from the soaring heights achieved over the summer. "I've got to get into a new business," says a 37-year-old trader named Zhao. He may be right. In the past few months, Zhao has lost some $6,000--a quarter of his initial investment since he gave up his foreign-trade consulting business two years ago to play the market full-time.
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