Post Tagged with: "stocks"

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

US stocks surged, the US dollar weakened and Treasuries tumbled with gold as investors got good news on the economy, Federal Reserve policy and trade tensions. The S&P 500 rallied 3.4 per cent, the Dow Jones Industrial Average roared higher by almost 750 points and the Nasdaq 100’s surge topped […]

China, Hong Kong benchmarks rebound, defying big sell-offs in region over Apple train wreck

China, Hong Kong benchmarks rebound, defying big sell-offs in region over Apple train wreck

China and Hong Kong stocks defied big sell-offs in Asia in Friday trading, with the Shanghai Composite capping its biggest gain in a month, as suspected state buying and bargain-hunting of beaten-down companies propped up equities reeling from the world’s worst performance last year. Apple suppliers in Asia, however, took […]

Apple’s ‘darkest day’ sends a shudder through US markets, falling sharply amid fears for China economy

Apple’s ‘darkest day’ sends a shudder through US markets, falling sharply amid fears for China economy

US stocks suffered heavy losses on Thursday, a day after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company. The rare warning from Apple sent a shudder through markets and confirmed fears among investors that the world’s second-largest economy was […]

Citibank thinks Hong Kong stocks can claw their way back from painful slide. Here’s how

Citibank thinks Hong Kong stocks can claw their way back from painful slide. Here’s how

After a bloodbath in 2018, the Hong Kong stock market just got bullish vote of confidence – Citibank is forecasting the Hang Seng Index will rebound to 30,000 by the end of the year. That would be a nearly 20 per cent rise from its close at 25,130 on Wednesday. […]

Market woes continue into 2019 as China, Hong Kong stocks kick off new year with losses amid fresh indications of slowdown

Market woes continue into 2019 as China, Hong Kong stocks kick off new year with losses amid fresh indications of slowdown

The stock markets in mainland China and Hong Kong kicked off 2019 with losses, after two gauges indicated manufacturing had contracted in China, the world’s second-largest economy, and added to concerns about a slowdown. On the mainland, the benchmark Shanghai Composite Index dropped 1.15 per cent, or 28.61 points, to […]

Gold price rises above US$1,300 as investors rush for sanctuary amid the bloodbath in global stock markets

Gold price rises above US$1,300 as investors rush for sanctuary amid the bloodbath in global stock markets

Gold pierced the US$1,300 level to extend a new year rally. Investors flocked to the metal with global equities in retreat, signs of a slowdown stacking up, and the oldest of havens showing its mettle as exchange-traded funds draw in increased flows. Futures spiked as much as 0.4 per cent […]

The tenuous truce in the US-China trade war will decide whether Hong Kong’s best IPO party ever continues in the new year

The tenuous truce in the US-China trade war will decide whether Hong Kong’s best IPO party ever continues in the new year

On July 12, the Hong Kong stock exchange (HKEX) conducted an unprecedented ritual to start its trading day: four gigantic gongs were struck one after the other by executives of eight companies to commemorate the debut of their stocks. The eight companies, including Chinese live-streaming application Inke, had to share […]

Shanghai’s stock index ends 2018 as the world’s biggest loser as trade war, slowing Chinese economy weigh on confidence

Shanghai’s stock index ends 2018 as the world’s biggest loser as trade war, slowing Chinese economy weigh on confidence

Shanghai’s stock benchmark ended 2018 as the world’s worst market performer for a second year, falling 24.6 per cent over 12 months as an unprecedented trade war between China and the United States weighed on the Chinese economy and crimped corporate earnings. The city’s key stock index closed the year […]

Why China’s economic success is no bellwether for foreign investors in Chinese stocks

Why China’s economic success is no bellwether for foreign investors in Chinese stocks

’s economic revolution has been one of the defining stories of the 21st century. Yet, for foreign investors in Chinese , the returns have been far less impressive. This is a stark reminder that equity investors buy not economies. High economic growth may create an environment that is conducive to […]

US stocks ride roller-coaster, finishing higher as Dow registers 870-point swing

US stocks ride roller-coaster, finishing higher as Dow registers 870-point swing

US stocks endured a roller-coaster ride on Thursday, diving hard before mounting a furious late-session recovery, as Wall Street’s wild Christmas week rolls on. The Dow Jones Industrial Average had slumped more than 600 points at one stage, but finished at 23,138.82, up 260 points for the day. The 870-point […]