lunes, junio 04, 2012

China censorship: Shares fall 64.89 points on June 4, 1989 protest anniversary

 
 
Bobby Yip / Reuters
People take part in a candlelight vigil at Hong Kong's Victoria Park on Monday to commemorate those who died during the military crackdown of the pro-democracy movement at Beijing's Tiananmen Square on June 4, 1989.
BEIJING – Government controls many aspects of life in China, but for today at least the invisible hand of market forces proved too strong even for the country’s ruling Communist Party.
In an apparent coincidence, Shanghai’s local stock market, the Shanghai Composite Index, opened trading this morning at 2346.98 points. Read backwards, it looks like the date, June 4, 1989 – this day 23 years ago when the Communists brutally cracked down on pro-democracy activists in Tiananmen Square and elsewhere in the capital.
Even more bizarre? By the end of trading in the afternoon, the market had lost 64.89 points. 

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