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Profit estimates for Chinese firms remain "far too optimistic," says SocGen, seizing on the...
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Wednesday, March 28, 2012, 8:01 AM ETProfit estimates for Chinese firms remain "far too optimistic," says SocGen, seizing on the report that Y/Y industrial profits shrank in the year's first 2 months. Among the losers in Shanghai's 2.7% plunge last night: Alum. Corp. of China (ACH) -5.8% and Jiangxi Copper JIXAY.PK) -5.5%. FXI -0.3% premarket.
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