Stocks

China stocks cling to tariff-driven gains

Bloomberg Stocks in China and Hong Kong pared earlier advances as relief that the US will delay imposing tariffs on some consumer goods was tempered by weak economic data. The yuan climbed the most since June 20. The Hang Seng Index overcame an afternoon wobble to close 0.1 percent higher, rising for the first time in four days, while protests ...

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US stocks rebound, bonds gain on dovish central-bank moves

Bloomberg US equity futures extended a rebound and European stocks rallied as markets continued to recover from a brutal selloff at the start of the week. Caution was on display, however, as bonds gained while currencies were roiled by a series of dovish central-bank moves in Asia. Futures on all three major US benchmarks turned higher following a surge in ...

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Canadian stocks on worst streak in ‘a year’

Bloomberg Canadian stocks played catch up with a global rout following August 5’s holiday, with the nation’s benchmark falling the most this year before paring losses. The S&P/TSX Composite Index fell 0.8 percent, extending its slump for a sixth straight session — its longest losing streak since September 10. Energy stocks were the biggest decliners on the benchmark as the ...

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South Korea is world’s worst major equity market in ’19

Bloomberg South Korean equities overtook those of Malaysia to become the world’s worst major equity market for the year as ongoing trade war with Japan and tensions between the US and China slashed the nation’s earnings outlook. The benchmark Kospi Index has dropped 6.1 percent year-to-date compared with 5.1 percent decline in the FTSE Bursa Malaysia KLCI Index in Singapore. ...

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US futures rise with Europe stocks as China’s yuan gains

Bloomberg US equity futures rose alongside European stocks while Asian shares fell after China moved to stabilise its currency, helping ease some of the market turmoil that kicked off the week. The global sell-off in equities abated after China fixed its yuan exchange rate at stronger than 7 per dollar, a key level that when breached in markets fuelled the ...

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US stocks stumble, Treasuries gain as yuan breaches ‘7 level’

Bloomberg US equity futures slumped with European stocks on Monday, tracking a sell-off across Asia after China struck back in its trade dispute with America and let its currency weaken through a milestone level. Treasuries led a global bond rally as investors dashed to safer assets. S&P 500 Index futures slumped as much as 1.5 percent, while declines in mining, ...

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HK stocks match longest losing streak since 1997

Bloomberg Hong Kong equities are rapidly turning into a losing bet as economic woes and escalating street protests hammer sentiment. The MSCI Hong Kong Index closed down 3.2 percent on Monday in a ninth day of declines, matching the longest streak since the 1997 handover. Landlords and retail stocks once again bore the brunt of the selling as protesters sought ...

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It’s not just Fed and Trump that trouble stock market

Bloomberg In a week when just a few words from Jerome Powell and Donald Trump were enough to send stocks reeling, it’s easy to conclude their pronouncements are all that matter to markets right now. But something else keeps showing it can sway prices: bad earnings. While investors clearly were glued to every word from the central bank and president, ...

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China set to allow investors to buy shares of tech firms

Bloomberg Chinese authorities proposed rule changes that would for the first time allow local investors to buy shares of some popular technology companies listed in Hong Kong — including, potentially, Alibaba Group Holding Ltd. The country’s stock exchanges published draft regulations that would bring stocks with different classes of voting rights into the trading links between the mainland and the ...

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