Stocks

Bloomberg Hennes & Mauritz AB has abandoned a plan to try to get shareholders to reinvest their dividends in new stock. The Swedish fashion retailer said that the project proved too difficult, after the company encountered technical issues and ran up against time constraints. An “investigation” into the plan showed it wasn’t really feasible, H&M said. Shares initially jumped on ...

Bloomberg China has urged controlling investors in listed companies to boost their holdings and some mutual funds to limit equity selling this week, according to people familiar with the matter, as officials seek to stem the impact of the stock selloff. Over the weekend, the China Securities Regulatory Commission and other regulators sent informal directives to some major stockholders encouraging ...

Bloomberg Investors actively abandoned the world’s biggest passive fund during the onset of market mayhem. The SPDR S&P 500 exchange-traded fund (ticker SPY) suffered a record $23.6 billion in outflows last week amid the worst momentum swing in history for the underlying U.S. equity benchmark. Outflows amounted to 8 percent of the fund’s total assets at the start of the ...

Bloomberg A shock decision by Indian exchanges to cut ties with their offshore counterparts sent shares of Singapore Exchange Ltd. falling by the most in nine years and raised questions about how the world’s second-most populous nation will fit in with the global financial system. The National Stock Exchange of India Ltd., together with other Indian markets, said that they ...

Bloomberg Europe is suddenly the hot market for hedge-fund investment. After years of being overlooked, the continent is attracting capital from investors who want to take advantage of a recovering economy as the last effects of the euro-zone debt crisis disappear. Buyers are also piling in to diversify portfolios swelled by the stock-market boom — which after this week’s correction ...

Bloomberg A selloff in the market for speculative-grade corporate bonds accelerated amid turmoil in the stock market, handing investors their worst weekly loss since the oil slump two years ago. The bonds lost 1.5 percent on the week, the worst performance since February 2016, Bloomberg Barclays index data show. The average spread on high-yield bonds — or the premium investors ...

Bloomberg US equity indexes fluctuated after a tumultuous morning that saw the Dow swing more than 900 points in 25 minutes. The benchmark gauge for US share volatility went through wild gyrations after hitting a two-year high. The S&P 500 Index plunged as much as 2.1 percent at the open of trading on Tuesday before regaining ground. The Dow declined ...

Reuters Middle Eastern stock markets fell on Tuesday because of the global downturn in equities, but the region outperformed emerging markets in Asia, where MSCI’s broadest index of Asia-Pacific shares ex-Japan plunged 3.6 percent. Because of low oil prices and poor liquidity, the Gulf greatly underperformed the uptrend in global emerging markets in 2017, so fund managers say it may ...

Bloomberg US stocks remained down after recovering from steeper early losses, while European and Asian equities slumped. Treasuries and the dollar stabilised. Oil fell and copper rose. The S&P 500 Index and Dow Jones Industrial Average each fell more than 1 percent at the open on Monday, before a rally in utility and consumer shares pulled them back up somewhat. ...

Bloomberg For almost a decade, investors have waited patiently for any hint of inflation in the US economy, a sign the recovery can sustain itself without emergency stimulus from the Federal Reserve. Now they’re getting it, and many are shocked at the reaction. It landed with the worst stock market plunge since January 2016. A stronger-than-expected employment report with signs ...