Bird flu, property curbs hit Shanghai market

China’s onshore market slumped on Monday when trading resumed after the four-day Qingming festival, when stocks were hit by bird flu jitters and by fresh moves to curb Beijing’s housing sector.

The benchmark Shanghai Composite Index lost 1.26 per cent to 2,197.38, trading below the physiological 2,200 mark for the first time since December last year. The index only traded for the first three days of last week, closing on Thursday and Friday for the Qingming, or gravesweeping, festival.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1209844/bird-flu-property-curbs-hit-shanghai-market