ChiNext Plunges 6.9% Early, Then Bounces; Shanghai Dips Too, But Now Higher

ChiNext was down 6.9% early on, to a low of 2717, but has bounced to a 5% loss. At the low, it was down 31% from the peak. Have to see how this plays out, the early drop is a good sign that like last Tuesday, it was pent up selling. The ChiNext is recovering its losses now. Shanghai suffered a similar dip and is already back to gains.

And the booze: Luzhou Laojiao is limit up 10%. Wuliangye and Maotai also beating the market.

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