Monday, Aug. 24, 1992

Market Crush

When the government initiated a stock-market experiment, as many as 1 million Chinese poured into Shenzhen to buy lottery tickets entitling 500,000 winners to buy 1,000 shares apiece. Would-be investors soon heaved themselves into a riot that brought out cops with tear gas and truncheons. A day later, the government announced that it would double the number of applications. Dao Djonz listings should follow soon.