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 […]
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 […]
Get the newsLog In or Subscribe to skip3Share This Story!Let friends in your social network know what you are reading aboutNYSE resumes trading after nearly 4 hour haltAll trading on the New York Stock Exchange is halted Wednesday for unknown internal technical reasons – heaping yet another worry onto investors already rattled by global economic concerns.##Sent!A link has been sent […]
All trading has halted on the New York Stock Exchange, and the NYSE would like everyone to know that it’s the result of an internal technical screwup and not a cyberattack.The NYSE stopped trading all securities around 11:32 am, without much explanation about what went down. Since no one exchange handles more than 16% of trading, this isn’t a catastrophe […]
SHANGHAI — China’s tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of “panic sentiment” gripping investors.Beijing, which has struggled for more than a week to bend the market to its will, unveiled yet another battery of measures to […]
Wednesday was a rough day for tech: One of the nation’s biggest airlines, its oldest stock exchange and its most prominent business newspaper all suffered technology problems that upended service.After the New York Stock Exchange halted trading, the seriousness of the disruptions led President Barack Obama into a briefing session with his homeland security adviser, Lisa Monaco, and Chief of […]
Traders work on the floor of the New York stock exchange at the start of the trading day on Wednesday. Photograph: Justin Lane/EPA
The New York stock exchange halted trading in all securities on Wednesday morning after a “major technical issue”.Related: New York Stock Exchange shut down over ‘technical issue’ – live updates
The exchange posted the news on its website and […]
The Chinese stock market meltdown is accelerating despite government intervention and is blowing back to commodities markets, including copper and oil, which are trading down based on concern that the stock market plunge is a harbinger of even more economic weakness. The Financial Times gives a snapshot of today’s downdraft:
China’s central bank stepped up state support for sinking stocks on […]
WASHINGTON: Buy Japan. Buy Vietnam. Buy US media stocks. Buy Mexican food stocks. Sell China.For investors wanting to take advantage of the Pacific Rim free trade pact that appears to be nearing completion, that’s what a savvy stock strategy might look like.The 12 nations of the Trans-Pacific Partnership (TPP) could wrap up an agreement in coming weeks, after the pact […]
The overheated Shanghai and Shenzhen markets have lost 29 and 32 per cent respectively over the past three weeks following 7-year highs reached on June 12.Instead of welcoming a much needed correction, Chinese brokerages and the Bank of China agreed to prop up the market.Stimulus Short-LivedThe stimulus act has failed already. The South China Morning Post reports Chinese Shares Close […]
