Post Tagged with: "stocks"

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

US stocks surged, the US dollar weakened and Treasuries tumbled with gold as investors got good news on the economy, Federal Reserve policy and trade tensions. The S&P 500 rallied 3.4 per cent, the Dow Jones Industrial Average roared higher by almost 750 points and the Nasdaq 100?s surge topped […]

China, Hong Kong benchmarks rebound, defying big sell-offs in region over Apple train wreck

China, Hong Kong benchmarks rebound, defying big sell-offs in region over Apple train wreck

China and Hong Kong stocks defied big sell-offs in Asia in Friday trading, with the Shanghai Composite capping its biggest gain in a month, as suspected state buying and bargain-hunting of beaten-down companies propped up equities reeling from the world?s worst performance last year. Apple suppliers in Asia, however, took […]

Apple?s ?darkest day? sends a shudder through US markets, falling sharply amid fears for China economy

Apple?s ?darkest day? sends a shudder through US markets, falling sharply amid fears for China economy

US stocks suffered heavy losses on Thursday, a day after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company. The rare warning from Apple sent a shudder through markets and confirmed fears among investors that the world?s second-largest economy was […]

Citibank thinks Hong Kong stocks can claw their way back from painful slide. Here?s how

Citibank thinks Hong Kong stocks can claw their way back from painful slide. Here?s how

After a bloodbath in 2018, the Hong Kong stock market just got bullish vote of confidence ? Citibank is forecasting the Hang Seng Index will rebound to 30,000 by the end of the year. That would be a nearly 20 per cent rise from its close at 25,130 on Wednesday. […]

Market woes continue into 2019 as China, Hong Kong stocks kick off new year with losses amid fresh indications of slowdown

Market woes continue into 2019 as China, Hong Kong stocks kick off new year with losses amid fresh indications of slowdown

The stock markets in mainland China and Hong Kong kicked off 2019 with losses, after two gauges indicated manufacturing had contracted in China, the world?s second-largest economy, and added to concerns about a slowdown. On the mainland, the benchmark Shanghai Composite Index dropped 1.15 per cent, or 28.61 points, to […]