Date
20 July 2018

Markets

  • Traders celebrate after the closing bell at the New York Stock Exchange on Tuesday. Photo: Reuters

    Wall Street roars back in volatile session

    Feb 7, 2018 8:23am
    US stocks posted sharp gains in another wild trading session, as indexes rebounded from the biggest one-day drops for the S&P 500 and the Dow in more than six years that stalled the market’s record run,...
  • A man looks at share prices at the Tokyo Stock Exchange on Tuesday. Photo: Reuters

    Market selloff deepens as fear spreads across Asia

    Feb 6, 2018 3:37pm
    A rout in global equities deepened in Asia on Tuesday as inflation worries gripped financial markets, sending US stock futures sinking further into the red after Wall Street suffered its biggest decline since 2011, Reuters reports....
  • The Shanghai Composite Index slumped 3.4 percent to 3,370.65 points, its biggest single-day drop since February 2016. Photo: Reuters/China Daily

    Shanghai stocks post biggest loss in two years

    Feb 6, 2018 3:35pm
    China stocks tumbled on Tuesday as a global market rout intensified, with the Shanghai index posting its biggest loss in nearly two years on worries that inflationary pressures will prompt central banks to raise rates faster...
  • A rout in global equities prompted anxious investors to cut exposure to riskier assets and seek shelter in the relative safety of the greenback. Photo: Bloomberg

    US dollar holds firm as investors scurry to safety

    Feb 6, 2018 3:33pm
    The dollar stood tall on Tuesday as a rout in global equities prompted anxious investors to cut exposure to riskier assets and seek shelter in the relative safety of the greenback. The US currency held firm...
  • The new trade link between Singapore Exchange (pictured) and Bursa Malaysia would allow investors to trade and settle shares listed on each other’s stock market in a more convenient and cost-efficient manner. Photo: Reuters

    Singapore, Malaysia unveil plans to link stock markets

    Feb 6, 2018 3:20pm
    Singapore and Malaysia announced plans on Tuesday for a new trading link between their stock markets by the end of the year that will help lower trading costs and encourage cross-border investments, Reuters reports. It comes...
  • The Hong Kong stock market suffered a drop that was only half as much as the Dow Jones, thanks to the strong – and mysterious – capital flow from across the border. Photo: AFP/HKEJ

    When the bull in Year of Rooster turns into bear in Year of Dog

    - Feb 6, 2018 2:46pm
    The first time it happened, it was scary. The second time, not so much. Now, are you scared or not? Half of the local papers splashed on how resilient the Hong Kong stock market was, suffering...
  • Bitcoin has lost about half its value so far in 2018, as more governments and banks signal their intention for a regulatory crackdown. Photo: AFP

    Bitcoin extends slide, falls below US$7,000

    Feb 6, 2018 8:36am
    Digital currency bitcoin fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin...
  • The stock market crumbled as investors grappled with rising bond yields and potentially firming inflation. Photo: Reuters

    Wall Street plunges, S&P 500 erases 2018 gains

    Feb 6, 2018 7:10am
    US stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points during the session, its biggest intraday decline in history, as investors grappled with rising bond yields and potentially firming...
  • We have already reached the point where a bitcoin crash could have serious global implications. Photo: Bloomberg

    The bitcoin threat

    - Feb 5, 2018 9:27am
    The extraordinary volatility of bitcoin and other cryptocurrencies has become a threat not just to the international financial system, but also to political order. The blockchain technology upon which cryptocurrencies are based promises a better and...
  • JPMorgan is among the US banks that have barred customers from using their credit cards for purchases of cryptocurrencies. Photo: Bloomberg

    Big US banks ban cryptocurrency purchases on credit cards

    Feb 5, 2018 9:15am
    Three major US banks — JPMorgan Chase, Bank of America and Citigroup — announced Friday that they will no longer allow customers to buy cryptocurrencies using their credit cards. Bloomberg cited a JPMorgan spokeswoman as saying...
  • Anxious investors hope that strong earnings can support lofty stock valuations and offset concerns over rising bond yields and the pace of Federal Reserve rate hikes. Photo: Reuters

    US profit forecasts rise amid Wall Street selloff

    Feb 5, 2018 8:11am
    Wall Street’s main stock indexes on Friday suffered their worst week in two years as bond yields soared and renewed fears of inflation gripped investors, Reuters reports. But amid the selloff, corporate earnings forecasts keep improving....
  • The Ernst & Young study comes amid a cryptocurrency investing craze, with young companies raising hundreds of millions of dollars online to fund their projects. Photo: Bloomberg

    Over 10% of US$3.7 billion ICO proceeds stolen: Ernst & Young

    Jan 23, 2018 9:05am
    More than 10 percent of funds raised through “initial coin offerings” are lost or stolen in hacker attacks, Reuters reports, citing new research by Ernst & Young. The professional services firm analyzed more than 372 ICOs,...
  • Momentum investing may continue to work well in Hong Kong this year, given that the market rally is still led by a small group of stocks. Photo: Bloomberg

    Strong counters to continue outperforming this year

    - Jan 12, 2018 12:12pm
    I had recommended two momentum investing portfolios in the middle of last year based on changing market circumstances. Both portfolios have outperformed the market by wide margin, generating returns of 118.4 percent and 75.9 percent compared...
  • South Korea is a crucial source of global demand for cryptocurrency. Photo: Reuters

    South Korea plans to ban cryptocurrency trading, rattles market

    Jan 11, 2018 4:53pm
    South Korea on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax...
  • Bitcoin and other cryptocurrencies are headed for trouble, according to Warren Buffett. Photo: Reuters

    Cryptocurrencies ‘will come to a bad end’, says Buffett

    Jan 11, 2018 9:23am
    Legendary investor Warren Buffett said on Wednesday that he will never invest in cryptocurrencies, and suggested that units such as bitcoin are destined for a crash once the current mania ends. “I can say almost with...
  • Hong Kong stocks extended their rally into the New Year, helping the benchmark index close above the 31,000 level on Tuesday. Photo: Bloomberg

    A strong winter rally above 31,000

    - Jan 9, 2018 6:08pm
    Everything – except the temperature – is up. The stock market is onto its biggest party, with the Hang Seng Index posting gains for the 11th straight session and notching fresh 10-year highs, taking the benchmark...
  • Alibaba founder Jack Ma  made the promise to “seriously consider” listing in Hong Kong after the city's stock exchange proposed changing its rules to allow the listing of companies with dual-class shares. Photo: Bloomberg

    Alibaba to ‘seriously consider’ HK listing, says Jack Ma

    Jan 9, 2018 4:49pm
    Alibaba Group Holding Ltd. will “seriously consider” listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings. Ma made the comments...
  • MSCI's upcoming inclusion of A-shares in its key indexes is expected to have a deep impact on the investor mix, market structure, and investor mentality in China in the long run. Photo: CNSA

    Foreign investors begin piling into China A-shares on MSCI theme

    - Jan 8, 2018 5:50pm
    More foreign capital is set to flow into China’s A-shares as MSCI prepares to include the stocks in its emerging market index from June. The upcoming move will have profound impact on the investor mix, market...
  • Music streaming company Spotify aims to start trading its shares in March or April. Photo: Reuters

    Spotify files to go public through direct listing

    Jan 4, 2018 9:04am
    Music streaming service Spotify AB has filed to list its shares on the New York Stock Exchange, the Wall Street Journal reports, citing a person familiar with the matter. The “confidential” filing with the Securities and Exchange Commission...
  • The Hong Kong stock market outperformed this year with the blue-chip Hang Seng Index closing at 29,919.15. Photo: Bloomberg

    Wishing for an even better stock market in 2018

    - Dec 29, 2017 4:43pm
    Things could not go any better for Hong Kong’s stock market in 2017. Forget all the doom and gloom you hear about the future of Hong Kong. The Hang Seng Index closed at almost 30,000 (29,919.15,...

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