Search Results for: Hang Seng
China shares rise amid sharp volatility
August 26th, 2015
Chinese shares were up amid volatile trade as traders gauge the effect of a fresh rate cut by the central bank. The mainland’s benchmark Shanghai Composite was 3.1% higher at 3,054.97, recovering from early morning losses. The index had ...
UAE stocks get off lightly as global rout persists
August 25th, 2015
UAE investors helped local equities escape relatively unscathed yesterday, even as plummeting Chinese stocks and additional pressure on oil prices provoked a further global sell-off of shares. China’s Shanghai Composite plunged 8.4 per cent yesterday, despite a move by ...
China stocks slump again in absence of government support; Hong Kong rebounds
August 25th, 2015
China stocks slumped about 4 percent on Tuesday, touching eight-month lows, as investors dumped shares after a grim “Black Monday” that battered global markets but failed to prompt fresh rescue measures from Beijing. After opening 6.4 percent lower, the ...
China’s Stocks Sink Most Since 2007 as State Intervention Fails
August 24th, 2015
China’s stocks plunged the most since 2007 as government support measures failed to allay investor concern that a slowdown in the world’s second-largest economy is deepening. The Shanghai Composite Index tumbled 8.5 percent to 3,209.91 at the close to ...
Global Selloff Deepens as Stocks Sink With Oil
August 24th, 2015
Equity investors took flight across Asia, sending the region’s benchmark stock gauge toward a bear market and Chinese stocks plunging by the most since 2007 as U.S. futures tumbled. Ten-year Treasury yields dropped below 2 percent. China’s Shanghai Composite ...
China Shares Hit New Low Since Depth of Selloff
August 21st, 2015
Early gauge of China’s factory activity falls to multiyear low China’s stock market set a new low since the depths of the summer selloff that wiped out roughly a third of its value, despite massive intervention from Beijing. The ...
China stocks fall more than 1 percent in early trade
August 20th, 2015
China’s major stock indexes fell more than 1 percent in early trade on Thursday, shrugging off government intervention in the previous session. The CSI300 index was down 1.3 percent at 3,833.98 points by 0147 GMT, while the Shanghai Composite ...
Dollar Gains as Yuan Fallout Continues for Emerging Assets
August 17th, 2015
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge of commodities to a 13-year low. The dollar was stronger ...
Asia stocks drift as yuan stable for second day
August 14th, 2015
Asian stock markets drifted Friday as China’s currency stabilized for a second day, easing uncertainty about its direction after an unexpected devaluation earlier in the week. KEEPING SCORE: Japan’s Nikkei 225 was down 0.2 percent to 20,520.50 while Hong ...
Asian stocks up despite lower yuan
August 13th, 2015
Asian shares were up despite China sending the value of its currency, the yuan lower for the third consecutive day. Thursday’s yuan guidance rate was set 1% down, a smaller margin than the shock cuts earlier in the week. ...
