WikimediaA software release caused the glitch.A software release caused the blackout at the New York Stock Exchange on Wednesday.According to an update on the NYSE’s website on Thursday, the exchange started rolling out a software release ahead of a scheduled industry test on Saturday.It noted that gateways for customers were updated with the right software at the market open on […]
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 […]
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 […]
Stock information listed on a mobile phone in Shenyang, north-east China. Photograph: Yang Qing/Xinhua Press/Corbis
What is happening in China?Stock markets in China are tumbling. A three-week plunge has knocked about 30% off Chinese shares since mid-June. China’s securities regulator has warned of “panic sentiment” gripping investors, many of whom are individuals that have borrowed heavily to play the stock market.Hundreds […]
It has been quite a day for tech problems. Trading on the New York Stock Exchange was halted due to a “technical issue” at around 11:30 AM ET this morning. On its status page, the NYSE posted that all trading had been suspended and any open orders would be cancelled — with a more detailed explanation to follow. A NYSE […]
REUTERS/Lucas Jackson Traders, governors, and members of the New York Stock Exchange discuss what is happening following a halt in trading on the floor of the exchange in New York, July 8, 2015.Trading was halted at the New York Stock Exchange on Wednesday morning.The latest from the NYSE is that all symbols are not trading and all open orders are […]
REUTERS/Lucas JacksonMembers of the New York Stock Exchange attempt to figure out what caused a halt in trading on the floor of the exchange in New York, July 8, 2015.The New York Stock Exchange is open after a 3-hour halt.At 11:32 a.m. ET on Wednesday, trading on the exchange was halted after a technical glitch. “The issue we are experiencing is […]
REUTERS/Laszlo BaloghThe men’s 3m springboard preliminary diving competition at the Beijing 2008 Olympic Games.Chinese stock markets are in complete collapse right now, with the main Shanghai Composite index losing 30% of its value in just the past three weeks. The turmoil is now starting to spread to other Asian markets and global commodities markets.The reason behind the crash is this: […]
Nosedive PanicThe crash in Chinese equities continues amid regulators’ talk of panic and irrational selling.Ironically, China has banned the use of terms like ‘equity disaster’ and ‘rescue the market’ in analyst’s reports on the stock market.Over Half of Companies HaltedThe Guardian reports China Stock Markets Continue Nosedive as Regulator Warns of Panic.
Chinese stock markets tumbled again on Wednesday as investors […]
Unlike most other stock markets, where investors are mostly institutional investors, in China, 80% of investors are small retail investors. Photograph: STR/AFP/Getty Images
China’s stock exchange regulator has imposed severe limits on stock market selling, having earlier warned of panic in the market as a range of recent government measures failed to prevent stocks plummeting a further 6%.After 10 minutes of […]
