China's stock market plunged 8.3% in panic selling match for editorial.

<P>: Http:// hearing, although the Chinese government in the national media on the market optimistic about the editorial published in an attempt to stabilize investor mentality, but China's stock market fell again yesterday, 8.3%, marking the end of February the largest single-day drop since the .. .</ P> <P> shock Shanghai and Shenzhen stock markets again yesterday, the trend, the stock market for fear of further cooling measures introduced by the Government, retail investors ignored the development of long-term health official about the stock market statement, massive sell-off stocks. .</ P> <P> However, China's stock market decline does not seem to affect other markets in Asia. .Most other Asian markets ended higher yesterday. .</ P> <P> the government will triple the stamp duty on stock transactions, the Chinese stock market on Wednesday for the first time signs of panic selling. .The Shanghai Composite Index closed at 3,670 points yesterday, has two high points last week dropped 15%. .</ P> <P> raise the stamp duty is to prevent the bubble to expand. .But the risk is just the depth of adjustment may make many new retail investors account losses. .</ P> <P> Chinese government interference in the market a long time, because it fears that, stock price volatility likely to infuriate investors, causing social unrest. .</ P> <P> three official China Securities Journal published an editorial yesterday, the market trend is still for the better, to improve stamp duty only for speculative investors. .</ P> <P> Chinese government propaganda officials often command the media to support policy initiatives published articles and reports. .</ P> <P> "Shanghai Securities News" (Shanghai Securities News) front-page article published commentator said: "The long-term development of China's capital market trends, we have no reason not to make optimistic judgments." </ .P> <P> article said that the Government has been trying to limit speculation, some speculation is "not rational." .Article points out that stamp duty is only to improve the process of market development, a "small waves" of institutional investors on the Chinese stock market is still full of confidence. .</ P>.