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Thursday, September 3, 2015
Shanghai and Hong Kong stocks close down amid weak sentiment
Shanghai and Hong Kong stocks closed down after volatile trading on Wednesday gripped by ongoing concerns over mainland China's economic crisis that has rattled world markets.
World stocks were wobbly Wednesday on uncertainty over the economic outlook while mainland China's markets minimized losses amid speculation Beijing was intervening to support prices.
The U.S. dollar firmed against the euro and yen in Asia Wednesday on building optimism over the health of the U.S. economy.
Oil prices extended losses in Asia Wednesday as dealers digested weak U.S. and mainland Chinese manufacturing data, while expectations of a bearish U.S. stockpiles report also weighed on the market.
Wednesday, September 2, 2015
Asian stocks sank Tuesday after more data showed weakness in mainland China's economy, while gold and the yen advanced as investors fled to safer assets.
Oil prices fell in Asia Tuesday, surrendering some of their big gains of a day earlier after data showed manufacturing activity in top energy consumer China contracted in August.
The U.S. dollar lost ground for a second day Tuesday in line with a fall in Asian shares, as concerns about the global economy clouded the outlook for a long-awaited U.S. rate rise.
Tuesday, September 1, 2015
Mainland Chinese stocks sank again Monday, dragging most other Asian bourses lower amid uncertainty over U.S. interest rates, reviving fears of a broader global economic slowdown that has rocked the world's financial markets.
The U.S. dollar slipped against the yen and euro Monday on fears that mainland China's economic malaise could drag on global growth, reversing a rally that had been fueled by hopes of a September U.S. rate rise.
Oil prices fell in Asia Monday, coming under pressure as dealers took profits from huge gains in the previous session and tried to gauge the outlook for the U.S. economy and its taste for crude.
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