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Asia markets hit by US rate fear; Samsung dips further

  Hong Kong / AFP Asian markets retreated on Wednesday on fears about an expected US interest rate rise this year, while the pound recovered after suffering a series of losses fuelled by worries over Britain’s EU exit. Samsung Electronics suffered another bout of selling in the morning after announcing on Tuesday it would scrap the troubled flagship Galaxy Note ...

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Gulf consolidates; Saudi banks rise

Dubai / Reuters Gulf stock markets consolidated in quiet trade early on Wednesday but Saudi banks rose after a major lender posted earnings in line with estimates. The Saudi stock index gained 0.4 percent in the first 75 minutes of trade as the banking sector index rose 0.7 percent. Banque Saudi Fransi, the second major Saudi lender to report third-quarter ...

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Emerging markets extend losses

  Bloomberg Emerging-market stocks and currencies fell toward a three-week low as surging domestic risks from Thailand to South Africa worsened sentiment impaired by a fractious U.S. election campaign and bets for December policy tightening by the Federal Reserve. Thai equities and baht led losses amid concern for the health of King Bhumibol Adulyadej. The rand headed for a one-month ...

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