Despite government moves, Shanghai stocks extend slump
SHANGHAI, July 8 — China’s benchmark Shanghai stock index was down nearly four per cent by midday today, with additional government moves failing to shore up the tumbling market as contagion spread globally.
Chinese sentiment was hurt as trading…
Oil under US$60 beyond 2016, market rethinking shale
NEW YORK, July 8 — The almost 10 per cent nosedive in headline oil prices this week has many hallmarks of a shocking but short-lived slump, triggered by a confluence of external events and exacerbated by safety-seeking investors and…
KL shares continue lower
KUALA LUMPUR, July 8 — Adverse investor sentiment on the external and domestic front continued to weigh on share prices mid-morning.
At 11.09am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 17.69 points lower at 1,694.61.
A dealer said the…
Amid 1MDB probe, ringgit volatility gauge advances as bonds fall
KUALA LUMPUR, July 8 — A gauge of volatility in Malaysia’s ringgit rose to a two-month high and government bonds dropped amid a probe involving finances linked to a state investment company.
A task force that includes the police and the central…
China stocks tumble, regulator warns of ‘panic’
SHANGHAI, July 8 — Chinese stocks dived today after the securities regulator said the tumbling stock market in the world’s second-biggest economy was in the grip of “panic sentiment” as investors ignored a battery of support measures from Beijing….
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