A record $13 billion (£8.4 billion) went into Chinese equity funds in the last week, according to Bank of America Merrill Lynch, as China’s government scrambles to put a floor under tanking stocks.A BAML Global Research note sent to clients Thursday shows $25 billion (£16 billion) went into stocks globally last week, the biggest inflow since December 2014. More than half of the worldwide total was […]
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.China’s sell-off will be felt far beyond its see-sawing stock markets. The month-long slide in share prices has called into question the country’s recent conversion to market dogma, while the state’s floundering response has exposed the limits of its grip on China’s financial system. Broader reforms may suffer.Some […]
Follow the money: Can Twitter predict the stock market?Published time: July 09, 2015 21:37Get short URLReuters / Dado RuvicTagsInvestment, Markets, Social networks, USAA new industry is arising where companies use computer algorithms to automatically read and interpret social media messages to try and predict where the stock market is heading.Predicting the stock market is a multi-billion ‒ or perhaps trillion-dollar […]
Here’s what you need to know:1. Yes, it’s a crash, and it’s not over yet.Here’s a long-term chart of the Chinese stock market, to put this in perspective. Facebook Share Pinterest Pin ItWe’re on our way down right now, there’s further to fall, and the main reason that stocks haven’t fallen further already is just that they aren’t trading at […]
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Markets are rebounding today after a horrible beginning to the week. Looking in the biotech sector, I’m seeing a sea of green with very few blemishes. I’ve also been able to dig out a few great opportunities in the sector. Here they are…Gilead Sciences Is Likely To See Long Run GainsGilead Sciences, Inc. (NASDAQ: GILD)I’ve talked about Gilead Sciences quite […]
China is taking a one-two punch to the gut as the nation’s previously high-flying economy begins to weaken. First, the stock market there is suddenly collapsing after a major boom. Then just as things are looking bad, the auto industry posted its first sales drop in over two years.According to Bloomberg, citing figures from the China Passenger Car Association, vehicles […]
China’s mightiest have taken a hard hit amid the recent stock market mayhem, including celebrities Vickie Zhao, Zhang Ziyi and Fan Bingbing, who lost billions in profits.Our favorite empress Fan Bingbing, who made a profit of 200 million RMB from her investment in Shenzhen-listed Talent Television Film earlier this year, had120 million RMB shaved off her portfolio, while Grandmasters actress […]
Stock-market investing in Britain is done mainly by professionals such as fund managers, folks trusted with other people’s money because of their increased understanding of investing. It’s the same way in the US, though Americans are more likely than Brits to maintain a small portfolio of stocks in which they have a personal interest.But millions of ordinary citizens in China […]
REUTERS/Bobby YipDespite bouncing back today, Chinese stock markets have been in crisis and banks are warning that if efforts to put a floor under the market don’t stick then the turmoil could get as bad as the US crash in 2008 and the debt crisis in Europe in 2012.The main Shanghai Composite collapsed over 30% in the last month, despite repeated attempts by the government to […]
