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Asian share markets swept lower Monday (January 11) after Wall Street suffered its worst starting week in history and doubts over Beijing’s economic competence sent investors into the arms of the safe-haven yen and sovereign bonds. The absence of Tokyo for a holiday only made liquidity even harder to come by, heightening volatility. South Korean shares fell, led by concerns about China and caution ahead of earnings later this month. The Korea Composite Stock Price […]
China’s stock markets opened high on Friday after trading was halted early in the previous day as a seven-percent drop triggered the newly-introduced circuit breaker mechanism. The benchmark Shanghai Composite Index opened up 2.23 percent at 3,194.63 points Friday morning while the smaller Shenzhen index opened at 11,008.89 points, 2.31 percent up. Trading was halted for the day on the Shanghai and Shenzhen stock markets on Thursday morning after shares tumbled over seven percent and […]
Japanese stocks began 2016 on a lower note on Monday (January 4), playing catch-up to falls in U.S. stocks in the last two sessions during Japan’s market holidays. The Nikkei benchmark started the first trade of the year down 1 percent at 18818.58. The Nikkei gained around 9 percent last year. In May last year, the Nikkei average surpassed 20,000 for the first time in 15 years, and in August the total value of the […]
JULY 28 (Reuters) — Chinese shares tumbled more than 8 percent on Monday (July 27) as an unprecedented government rescue effort to prop up valuations abruptly ran out of steam, throwing the viability of Beijing’s plan to stave off a deeper crash into doubt. Major indexes suffered their largest one-day drop since 2007, shattering three weeks of relative calm in China’s volatile stock markets since Beijing unleashed a barrage of support measures to arrest a […]
