Chinese shares plunged on Wednesday, with Shanghai’s benchmark down 6.6% and Hong Kong’s sliding 1.5%, while other world markets mostly advanced. European stocks opened flat. France’s CAC 40 rose 0.2% to 7,538.08, and Germany’s DAX was little changed at 19,070.69.
Chinese stocks tumbled on Wednesday alongside their Hong Kong peers, as investors sought to profit from a blistering rally, which was dampened by the lack of powerful stimulus measures to revive the economy. Benchmark indexes in China notched their biggest daily losses since the COVID-19 pandemic began, despite the announcement of a finance ministry press conference on Saturday to detail plans on fiscal stimulus. The Shanghai Composite index slid 6.6% to 3,258.86 points, while the blue-chip CSI300 index declined 7.1% to 3,955.98 points.
A new logo builds on a recent reinvigoration that has seen the brand shift from a positioning around the extreme toward “energizing refreshment.”
(Bloomberg) -- South Korea will join FTSE Russell’s major global bond index next year, paving the way for tens of billions of dollars of inflows after an overhaul of the country’s financial market infrastructure. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould
(Bloomberg) -- Chinese stocks listed onshore suffered their biggest drop in more than four years as traders grew impatient over the pace of Beijing’s stimulus measures and weak holiday-spending data hurt sentiment.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShoul
JPMorgan Chase CEO Jamie Dimon has been talking regularly to both presidential campaigns. The question now is whether he will throw his support behind either one.
(Bloomberg) -- UK natural gas futures have become more expensive than benchmark contracts in continental Europe, signaling traders are starting to prepare for a rise in demand. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After Hurricane
The surprise inclusion of South Korean sovereign bonds in the FTSE Russell's benchmark bond index is expected to give the won currency a boost on Thursday and attract billions of dollars of inflows over the next few years. South Korea's government has projected the inclusion to the World Government Bond Index could draw as much as 80 trillion won ($59.7 billion) into its $2.2 trillion bond market, a welcome source of funds for the world's fastest-aging country as welfare costs look set to surge. The inflows are also expected to provide a shot in the arm for the won, which is down 4% against the dollar so far this year and a slumping stock market, analysts say.
