Aside from the Philippines, the worst performing stock market in Asia in the last month has been its biggest growth engine: China. The Shanghai market is set to post its first monthly decline since June, and has lost almost 11 per cent since the early November high. The reasons for the sell-off look plentiful. Chinese shares slumped more than 3 per cent in early trading on Tuesday, and closed down around 1.6 per cent lower. A number of reasons did the rounds - including fears of new price controls measure, which so far seem to be unfounded. Inflation fears have taken their toll on the market - shares are down over 7 per cent this month. The prospect of higher interest rates and further price controls have spooked markets for the past two weeks. A Reuters poll of fund managers shows that mainland mutual funds are cutting their exposure to stocks, buying bonds: 'Suggested equity weightings over the next three months fell from 88.9 per cent last month, while recommended allocations for bonds rose to 3.2 per cent from a record low of 2.4 per cent in October, the poll of nine China-based funds showed. Suggested cash weightings rose to 12 per cent from 8.7 per cent, the poll showed.' They are also lowering their guidance on the market’s overall level:
除菲律宾以外，亚洲上月表现最糟糕的是manbetx3.0 股市，而manbetx3.0 是亚洲最强大的增长引擎。