Stocks

Bloomberg Last week was an expensive one for most investors, even for billionaires. The combined fortunes of the world’s 500 richest people fell by $444 billion as the coronavirus continued to spread — and spread fear — rattling equity markets worldwide. The Dow Jones Industrial Average tumbled more than 12%, the biggest five-day slide since the depths of the 2008 …

Bloomberg Stocks dropped globally and US index futures fluctuated on Wednesday as investors fretted fresh evidence of the widening coronavirus outbreak. Gold advanced and Treasuries were steady. The Stoxx Europe 600 Index fell for a fifth straight session, suffering its longest losing streak since July, as companies including Diageo Plc and Danone SA warned the virus outbreak will hit their …

Bloomberg Thailand confirmed three more novel coronavirus cases, taking the country’s total to 40, and said it will step up efforts to contain the disease. The stock market slumped the most since 2014. The new cases are in one family and include two people who returned from Hokkaido in Japan and are thought to have contracted the illness there, Permanent …

Bloomberg China’s tech-heavy ChiNext Index saw losses accelerate on Wednesday in another volatile session for mainland stocks. The index declined as much as 5%, after closing February 25 at the highest level since July 2016. The Shanghai Composite Index dropped 0.8% to close below the key 3,000 point level, joining a global rout. Volume was about 70% higher than the 30-day …

Bloomberg US equity futures rose on Tuesday while European shares fluctuated as the selloff that wiped out this year’s gains in global stocks showed signs of easing. Treasuries were steady and the dollar slipped. Contracts on all three major US indexes rose, though they pared early gains that suggested American markets are poised to claw back just a fraction of …

Bloomberg Hong Kong stock investors are the worst off in 16 years relative to the rest of the world as concerns mount over the impact of the coronavirus on an economy already reeling from last year’s protests. The Hang Seng Index is near its lowest level relative to the MSCI All Country World Index since 2004, even after Monday’s brutal …

Bloomberg US equity futures tumbled alongside stocks in Europe and Asia on Monday as concerns mounted about the ability of authorities to keep the coronavirus from spreading further beyond China. Havens including Treasuries and gold jumped. Contracts on the three main US stock benchmarks were all down more than 2%, with those on the S&P 500 Index pointing to the …

Bloomberg European equities haven’t had such a bad day in more than three years as increasing concerns over the economic impact of the coronavirus hurt travel and luxury sectors. The Stoxx Europe 600 Index fell as much as 3.6%, the most since June 2016, led by the auto, mining and travel sectors. Luxury companies tumbled on fears that the epidemic …

Bloomberg Looking for the smart money in equities these days? Try taking a peek at your next-door neighbour’s portfolio. A basket of the 50 most-popular stocks among individual investors has rallied 13% this year, compared with an 8.7% gain for a gauge of hedge fund favourites, data compiled by Goldman Sachs Group Inc show. While both exceed the benchmark S&P …

Bloomberg JPMorgan Chase & Co is broadening its perspective on blockchain technology to show how digital money will change the financial world. The emergence of linked databases like the blockchains that enable Bitcoin and Ether to exist as well as changing consumer preferences has turned the modernisation of payments into a global theme, the New York-based bank said in a …