Reading Time: < 1 minute The Shanghai composites went down 5% today (to about 3600), the biggest drop since May 30 when goverment increased the “stamp tax”. I heard one reason for today’s big drop is incoming new issues such as the IPOs from Bank of Nanjing, Bank of Ningbo. Hello?! How many new shares are B. of Nanjing and… Continue reading China market cooled a bit