Inner Mongolia Baotou Steel Rare-Earth Slumps

Bloomberg reported that despite chinese stocks hitting a six-month benchmark index high on Monday, Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co, fell sharply due to sluggish earnings.

The market report is quoted as saying:

 The Shanghai Composite rose 1.1 percent last week, a fourth week of gains and the longest winning stretch since April, after Premier Wen Jiabao said the economy has started to stabilize as data including industrial production and retail sales beat forecasts.

To view the full Bloomberg report, click here.