An electric board displaying falling stock prices in Hangzhou, in China’s Zhejiang province. Photograph: AP
Chinese shares has tumbled more than 8% after an unprecedented state rescue effort to prop up valuations abruptly stopped, raising doubts about the viability of Beijing’s plan to stave off a deeper crash.Major indexes had their largest one-day drop since 2007, shattering three weeks of relative […]
People have called me a “perma-bull” forever. Mish Shedlock called me a “wacko”. Zerohedge has called me insane. Nouriel Roubini has laughed in my face. My daughters still quote Don Luskin when he was on CNBC shaking his head and saying, “James, James, James…” while laughing after I said the market was going to hit new highs.
Well, the market has […]
Nearly two months after President Muhammadu Buhari took over the administration of Nigeria, investors in the nation’s stock market have lost over N1.032 trillion. Stakeholders have attributed the development to slow pace of governance, lack of policy direction, high political risk, feud in the federal legislature, no ministerial appointment, amongst others.The recent drop in the Nigerian stock market indicators also […]
By PETER EGWUATUNearly two months after President Muhammadu Buhari took over the administration of Nigeria, investors in the nation’s stock market have lost over N1.032 trillion. Stakeholders have attributed the development to slow pace of governance, lack of policy direction, high political risk, feud in the federal legislature, no ministerial appointment, amongst others.MUHAMMADU BUHARIThe recent drop in the Nigerian stock market indicators […]
David Dollar | July 16, 2015 8:00amWhy the real Chinese economy is more important than the stock marketChina’s stock market has been on a roller-coaster ride over the past year. It more than doubled in value in the 12 months ending on June 12. Then it took a breathtaking plunge, wiping out a third of its value (more than $3 […]
SummaryAs an update from my previous article, I am reviewing some European biotech picks and introducing new favorites.
Owing to strong fundamentals and an increasing number of significant deals in the sector, a technologically diversified, European biotech portfolio makes more sense now than ever.
The main investment thesis remains that leading small-cap European biotechs are reaching maturity and present a great value […]
Over the past few weeks, punters in China underwent a near-death experience when their country’s two stock exchanges entered freefall. The rapidly inflating bubble that had driven share prices to dizzying heights had suddenly burst. By this spring, the stock markets in Shanghai, with 831 listed companies, and Shenzhen, with 1,700, boasted a combined market capitalisation of $9.5tn, which made […]
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 […]
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 […]
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Welcome to our new series — How did you get that job? — where we’ll run interviews with interesting people about their work and how they came to be doing it.When Brad Katsuyama came to the US in 2002 to run the trading desk for the Royal Bank of Canada, he thought he understood the game. If […]
