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IPO exuberance could cause sustained rout in China's market

Friday, May 8, 2015 - 05:50
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Beijing

THE 6 per cent dip in Shanghai stocks over just three days could be the end of a 10-month bull market. More likely, speculation is changing form, and the exuberance is being diverted into newly listed stocks. This excitement could prove its own undoing.

The Shanghai