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A man walks past an electronic stock board of a securities firm in Tokyo, Monday, July 27, 2015. Asian stock markets were lower Monday as weak Chinese manufacturing accelerated the sell-off in oil and other commodities. Investors were also cautious ahead of the Federal Reserve’s policy meeting later this week. (AP Photo/Ken Aragaki)Beijing – […]
1. The commodity rout continues to pull down global stocksAsian stock markets dropped for the fourth day, Bloomberg reports.China’s stocks tumbled, with its benchmark index falling the most since February 2007 on concerns the Chinese government won’t be able to continue propping up the market. The Shanghai Composite Index plunged 8.5 per cent to 3,725.56 at the close, as 75 […]
Massive decline in technology stocks following earnings releases from Apple and Microsoft dragged major benchmarks to negative territory for the second-consecutive day. Meanwhile, another slump in oil prices also weighed on energy shares, which in turn had a negative impact on markets. However, encouraging existing home sales data boosted housing stocks on Wednesday.For a look at the issues currently facing […]
Last week we presented China’s latest bazooka in its ongoing attempt to halt its plunging market (apparently threats to arrest sellers were insufficient) – China Securities Finance Corp. As a subsidiary of the China Securities Regulatory Commission, this meant that “China’s central bank is now underwriting brokerages’ margin lending businesses” and that “the PBoC is now in the business of […]
One investor shows the strain in a stock exchange hall in Nantong, Jiangsu province, during the recent week of turbulence. Photograph: ChinaFotoPress/Getty
The numbers are mind-boggling. Ten days of falls on the Shanghai stock exchange resulted in losses that exceeded the GDP of Mexico. And 12 million Chinese citizens who opened share-trading accounts in May were nursing potentially ruinous losses. Margin […]
How China’s stock chaos could affect New York real estateSizing up the dominoes connecting Shanghai to the Big AppleJuly 10, 2015 06:00PMBy Konrad PutzierThis week’s headline-grabbing turmoil in China’s stock markets left New York’s real estate industry wondering how it could impact the market here. According to those who follow China closely, there are two […]
‘International investors have called the recovery a dead cat bounce, and the leadership’s reputation with its own people has suffered a serious blow.’ Photograph: Imaginechina/Corbis
The Chinese stock market crash came to a juddering halt yesterday, after a nailbiting three weeks that left investors $3tn poorer. The halt came after an escalating series of interventions that culminated in the suspension of […]
Chinese authorities are scrambling to assuage the fears of panicking investors who have seen their stock holdings plummet in recent weeks, with the country’s markets losing about a third of their value in the last month.Shanghai’s composite index fell nearly 6 percent on Wednesday alone. Shortly after opening, markets across China fell so quickly that trading in more than half […]
The New York Stock Exchange halted trading for 3 1/2 hours because of a computer malfunction, forcing traders to route orders elsewhere in a drama that also highlighted the resilience of U.S. market structure.The suspension, lasting from 11:32 a.m. to just after 3 p.m. New York time, dropped the largest U.S. share platform out of the network of trading systems […]
A currency trader walks by a screen showing the Korea composite stock price index at the Korea Exchange Bank headquarters in Seoul. Photograph: Ahn Young-joon/AP
Share prices were sent tumbling across the Asia-Pacific on Monday after Greece’s resounding no vote in the weekend’s bailout referendum raised fears it could be forced to exit the eurozone.While significant losses had not descended into […]
