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Sports
Macquarie's tumbling Olympic fundPosted by Jeremy Goldkorn, May 9, 2008 3:34 PM
This roundup of the week's sports news is by China Sports Today • The week in sports got off to a rough start for most people who tried to buy tickets in Phase 3 of Olympic ticketing. The BOCOG ticketing site didn't crash like last time, but seemed somewhat challenged by the traffic spike. And procedures at Bank of China outlets were a bit unusual. Tickets to all Beijing events were declared sold out two days later (full report). • A doping test confirmed that 11 Greek weightlifters have taken banned substances. The national team coach has resigned and maintains that a Shanghai lab sold him tainted supplements (report). • The Chinese diving team continues racking up medals at international events this spring. This Discovery Channel video attempts to explain why. • In November 2006, Australian bank / securities firm Macquarie Group created a basket of Olympic stocks, whose values Macquarie expected to get a boost from the Games. The basket is not doing so well. Many of the 23 stocks in the basket, including Air China and Beijing International Capital Airport Co., are tumbling and still overvalued, according to a Bloomberg article (report). • From mountain biking at Huangshan to football in Beijing and tennis in Shanghai, there are plenty of reasons to get off the couch this weekend if you want some exercise (report). • Finally, the Olympic Torch has reached Mainland China, and the flame has already made it to the summit of Everest (report).
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