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SHANGHAI: Hong Kong’s tumbling equity market may find that its biggest fans are right across the border.
NEW YORK: Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany's economy in contraction and China's worsening.
FRET not, the party still goes on for the stock markets. The only issue is, the music has turned slower.
PETALING JAYA: Supported by local fund buying in heavyweight stocks, the Malaysian equity market staged a complete recovery from a sharp early-morning sell-off.
Singapore: Investors may find long-term safety in Philippine equities as trade tensions ravage most regional markets, analysts from Credit Suisse Group AG and Citigroup Inc said, citing the positive outlook for economic and earnings growth.
SAN FRANCISCO: Sharper losses could be in store for Wall Street.
HONG KONG: Hong Kong equities are rapidly turning into a losing bet as economic woes and escalating street protests hammer sentiment.
Encouraging more retail investors to put money in equities will enhance market vibrancy.
Business news in brief.
IF anybody had been waiting for confirmation that more is to come from the current slowing economic environment, they need not go further than to scrutinise the statement by Finance Minister Lim Guan Eng.