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Hong Kong’s Stocks: Now Cheaper Than Pakistan’s

♠ Posted by Emmanuel in Casino Capitalism,China at 8/27/2015 12:51:00 PM
Islamabad or bust: HK stocks can now be bought more cheaply than Pakistan’s.

Having a powerful economy in your orbit, Big Brother style, has its benefits and drawbacks. For the longest time, the Hong Kong Stock Exchange (HKSE) has benefited from riding China’s slipstream: Late last year, mainland China overtook Japan […]

China is investigating brokers for illegal stock trading – Business …

Employees of one of China’s biggest securities firms and one current and one former employee of its market regulator are under investigation on suspicion of illegal stock trading, state media reported Wednesday, amid the collapse of a stock price boom.Three other brokerages announced they are under investigation for possible violations of rules on confirming the identities of customers.China’s main stock market […]

Biotech Stocks: Here's Where to Get In: Peregrine Pharmaceuticals …

Investors have been flocking to biotech stocks this year, with the IBB, the ETF that tracks biotech stocks, making noteworthy gains. So far in 2015, several industries have either underperformed or provided mixed results, leading to a rather ho-hum showpiece for U.S. blue-chip indices.Biotech stocks, on the other hand, have consistently returned positive results in the markets over the past […]

Market update, August 21 – Business Insider

Wikimedia CommonsWe just witnessed the worst week for the US stock market in four years. The blue-chip Dow fell more than 500 points Friday and entered correction territory on an intra-day basis — defined as a 10% drop from recent highs. Major stock markets across Europe and Asia also closed sharply lower.First, the scoreboard:Dow: 16,459.75, -530.94, (-3.12%)
S&P 500: 1,970.89, -64.84, (-3.19%)
Nasdaq: 4,706.04, -171.45, (-3.52%)
And […]

Overcoming ethnic divides key to fueling stock market growth in …

On the heels of President Barack Obama’s trip to Kenya this summer, in which the U.S. president called on Kenya to overcome ethnic divisions, a new study provides insights into the economic cost of segregation in developing countries and how to overcome it.

The study, published in Administrative Science Quarterly, looks at how actors from diverse and competing social groups can […]

US stock markets follow global drop over Chinese economy …

Traders work on the floor of the New York Stock Exchange (NYSE) at the start of the trading day in New York on Wednesday. Photograph: Andrew Gombert/EPA
US stocks rallied late on Wednesday afternoon following an earlier worldwide markets slump due to concerns about the health of the Chinese economy.The major US stock indices end the day roughly flat, after having […]

Greek bank shares plunge for third day, stock market down 1.3 percent

Thomson ReutersA man walks inside the Athens Stock Exchange in GreeceATHENS (Reuters) – Greek bank shares sold off sharply pressure for the third day in a row on Wednesday with the bank sector share index losing 14.8 percent in early deals.The broader market reversed small opening gains to trade lower, dragged down by the banks which comprise about 20 percent […]

Birinyi says S&P 500 3,200 by 2017 – Business Insider

Bloomberg TVLaszlo Birinyi thinks the S&P 500 can hit 3,200 by 2017.That would be a 52% jump from where the benchmark index was trading on Tuesday afternoon. In an interview with CNBC on Tuesday, Laszlo Birinyi of Birinyi Associates said: “Most people don’t realize that we are now in the second greatest S&P rally in history, and we are actually ahead of the 1990 […]

Chinese investors trapped in market – Business Insider

REUTERS/StringerSee AlsoChina’s small investors are looking for a way out of stocksChina shares slip again as Beijing scrambles to calm marketsUS funds aren’t bailing on China yet despite a free-fall in stocksMrs Zhu is just the type of investor the Chinese government should worry about as it tries to engineer a turnaround in the country’s stock markets, whose massive swings […]

Chinese investors feel 'trapped in the stock market' – Business Insider

REUTERS/China DailyInvestors look at computer screens showing stock information at a brokerage house in Wuhan, Hubei province, China, July 3, 2015.See AlsoChina’s small investors are looking for a way out of stocksChina shares slip again as Beijing scrambles to calm marketsUS funds aren’t bailing on China yet despite a free-fall in stocksMrs Zhu is just the type of investor the […]