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US stocks sink after Fed predicts slower growth

Business | Securities
2011-8-10

THE Federal Reserve spoke - and the financial markets responded with a dive. Stocks dropped yesterday afternoon immediately after the Fed said that economic growth this year has been "considerably slower" than...

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Holding its own against others

Business | Securities
2011-8-10

SHANGHAI'S key stock index edged down yesterday but outperformed most markets in the Asia-Pacific region, helped by banks and developers on speculation recent declines were excessive relative to the outlook for earnings. ...

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Stocks climb on hopes Fed may offer monetary stimulus

Business | Securities
2011-8-10

SPECULATION that the United States Federal Reserve may announce another round of monetary easing helped stock markets rebound yesterday after many entered official bear market territory. A statement from the Fed...

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Shanghai shares outperform Asian peers amid global rout

Business | Securities
2011-8-9

SHARES in Shanghai traded slightly lower today, outperforming most markets in Asia-Pacific region that are still struggling to recover from a Monday rout under the weight of danger of recession in the United States...

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Shanghai shares down 1% on weak sentiment

Business | Securities
2011-8-9

SHANGHAI'S key stock index dropped for the third day and closed at the lowest in more than one year by noon break amid weak performance of neighboring markets, after China said July's inflation was highest in 37...

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Asian stocks plunge on economic fears

Business | Securities
2011-8-9

ASIAN stock markets spiraled downwards today, deepening sharp losses over the previous two sessions brought on by the historic US credit downgrade and the debt crisis in Europe. The MSCI Asia Pacific Index ...

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Tokyo stocks down 4.43% by noon

Business | Securities
2011-8-9

TOKYO shares plunged 4.43 percent this morning, a third straight day of heavy selling following massive losses on Wall Street. The benchmark Nikkei-225 index of the Tokyo Stock Exchange lost 403.25 points to 8,694.31...

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Dow plunges more than 634 points after downgrade

Business | Securities
2011-8-9

FEAR has taken over on Wall Street. The Dow Jones industrials fell 634.76 points, the first trading day since Standard & Poor's downgraded American debt. It was the sixth-worst point decline for the Dow in the...

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Dow plunges 5.5% after downgrade

Business | Securities
2011-8-9

FEAR has taken over on Wall Street. The Dow Jones industrials fell 634.76 points, the first trading day since Standard & Poor's downgraded American debt. It was the sixth-worst point decline for the Dow in the...

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Black Monday as investors dump shares

Business | Securities
2011-8-9

BLACK Monday hit markets in the Asia-Pacific region yesterday as investors scrambled to dump shares following Standard & Poor's downgrade of the long-term credit rating of the United States. Fears of a spreading...

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Stocks take dive in first trading since S&P's cut

Business | Securities
2011-8-9

THE US stock market joined a sell-off around the world yesterday in the first trading since Standard & Poor's downgraded American debt and gave investors another reason to be anxious. The Dow Jones industrial...

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Sale of Japan's debt

Business | Securities
2011-8-9

CHINA sold Japan's medium and long-term debt for the first time in nine months in June as the yen traded near a record high against the US dollar and benchmark yields approached their lowest level since November. ...

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Shanghai index dives to 1-year low on US downgrade

Business | Securities
2011-8-8

SHANGHAI'S key stock index posted the biggest drop in nearly nine months today as investors scrambled to dump shares following Standard & Poor's downgrade of the long-term credit rating of the United States on Friday. ...

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China stocks drop to one-year low on US rating downgrade

Business | Securities
2011-8-8

CHINESE mainland market fell sharply by almost 4 percent at one-year low, tumbling with a broader Asian equity drop after the United States lost its top-notch AAA rating for the first time in history. The benchmark...

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Index might stay weak on US rating cut

Business | Securities
2011-8-8

CHINA'S main stock index may stay weak this week amid increasing concerns about the outlook for global growth after Standard & Poor's downgraded the United States' top-notch credit rating, but analysts ruled out...