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Focus Media Holding Ltd. Message Board

  • paultradestoday paultradestoday May 7, 2008 10:06 AM Flag

    Reasons for down early

    1. overnight market pressure Fears over interest rate hikes in mainland China due to mounting inflationary and energy costs sent shares tumbling in Shanghai and Hong Kong Wednesday.
    The Shanghai Composite Index plunged 154 points, or 4.1%, to 3579.15, while Hong Kong's Hang Seng tumbled 652 points, or 2.5%, to 25,610.22.

    2. Shanghai halt on outside billboards and investors reading the 20F that FMCN has 200 5' by 5' led billboards in Shanghai. This will cause some pressure. (Does anyone know what percent the 200 is of the total billboard market in Shanghai?...probably 5-10%?)

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