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Friday, January 8, 2016
Chinese stocks volatile a day after abrupt sell-off
BEIJING -- Chinese stocks rebounded Friday while Europe and other Asian markets were moderately higher a day after a sell-off in China rattled global investors.
China will suspend "circuit breakers", the top securities regulator said, after the trading curbs were again triggered Thursday when share prices dropped more than seven percent, halting share trading early for the second time this week.
The World Bank slashed its growth forecast for the global economy in 2016 on Wednesday, citing "disappointing" growth in major emerging-market economies like mainland China and Brazil.
Global shares dived Thursday, led by mainland Chinese markets, which were suspended after a more than 7 percent plunge as Beijing weakened the value of the yuan currency to a five-year low.
Oil prices plunged close to US$33 a barrel on Thursday as crude extended losses on rising U.S. energy stockpiles and mainland China's weakening currency.
The yen jumped Thursday as worries about mainland China's economy, a plunge in oil and equities prices, and geopolitical tensions sent panicked investors into safer assets.
Thursday, January 7, 2016
Oil prices edged higher in Asia Wednesday, ahead of the release of a U.S. stockpiles report, with investors also keeping an eye on a worsening diplomatic row between Iran and Saudi Arabia.
The yen rose and South Korea's won slipped Wednesday as North Korea's claim that it conducted a successful hydrogen bomb test added to concerns about Middle East tensions and mainland China's economy.
Wednesday, January 6, 2016
Fears escalated Monday that the global economy could struggle more than expected this year -- a prospect that contributed to a plunge in financial markets.
The U.S. dollar declined against most Asian currencies Tuesday as a little confidence returned to regional trading floors on the back of a rebound in oil prices.
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