Macau casino shares plunged by as much as 25 percent Monday because of fears that rising Chinese interest rates will drive up travel costs and keep Chinese “high rollers” at home. The sell-off, which began Friday, paced a broader decline of 4.5 percent on Hong Kong’s Hang Seng stock index, with analysts blaming continued uncertainly […]
China Economic Fears Hammer Macau Casino Stocks
Posted October 3rd, 2011 at 8:10 am (UTC-5)
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China Economic Fears Hammer Macau Casino Stocks
Posted October 3rd, 2011 at 5:15 am (UTC-5)
Macau casino shares plunged by as much as 20 percent Monday amid fears that rising Chinese interest rates will drive up travel costs and keep Chinese “high rollers” at home. The sell-off, which began Friday, paced a broader decline of 4.5 percent on Hong Kong’s Hang Seng stock index, with analysts blaming continued uncertainly over […]
