Stocks News
- Deutsche eyes 15-20% correction in shares
Date: 31-May-2007 Sources: (Shenzhen Daily)
THE Chinese Government's effort to calm A share market by tripling stamp duty could result in a 15 to 20 percent correction, Marshall Gittler, chief Asian strategist at Deutsche Bank Private Wealth Management, said yesterday.
Gittler said if the markets don't budge, the government could levy further hikes in bank deposit rates, introduce more stamp tax hikes or even trot out capital gains tax.
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