Seems that the over-riding issue has been the Chinese govt intent to slow it's economic growth to prevent it from overheating. While the SEC has announces investigations into a few Chinese stocks, and the media made big hay of the S&P outlook (not rating issue) and stirred the political pot, most money managers interviewed yesterday were quoting the fact that the CHinese govt raising interest rates has put a dampener on their foreign investments and them re-adjusting their portfolios to compensate and avoid risk.

Klatuu

Have no idea drmolar but several chinese stocks (mostly smaller ones) have been exposed of late with shady accounting practices if not outright fraud.