Alex Wong, director of Asset Management at Ample Capital, explains whether China's market turmoil could have significant spillover effects for the region.» Read More
TOKYO, July 8- Japanese stocks fell sharply on Wednesday morning as a massive selloff in China's stock markets raised fears of a damaging blow to the world's second-largest economy- a major export market for Japan. Companies with high exposures to China underperformed, with construction equipment makers Komatsu Ltd and Hitachi Construction Machinery...
MELBOURNE, July 8- London copper swung higher in volatile trade on Wednesday a day after worries over Greek debt and China's growth hammered it to six-year lows, buoyed by a weaker dollar and stabilization in other commodity markets. Soothing immediate fears over Greece, euro zone members have given the country until the end of the week to make a proposal for...
SHANGHAI, July 8- Chinese stock markets tumbled again on Wednesday as investors shrugged off a series of support measures by Chinese regulators, including the central bank's first public statement in support of the market since it cut interest rates in late June. Losses on the mainland also weighed heavily on Hong Kong shares, with the Hang Seng Index down 3.3...
TOKYO, July 8- Asian shares tumbled on Wednesday and the safe-haven yen rallied as Chinese stocks remained in a tailspin, shaking investors already rattled by Greece's debt crisis. MSCI's broadest index of Asia-Pacific shares outside Japan extended its early losses after Chinese shares opened sharply lower, and was last down 2.5 percent.
TAIPEI, July 8- Taiwan stocks tumbled on Wednesday after a dismal exports data and declines in other Asian bourses soured sentiment. Markets in Shanghai and Hong Kong both plummeted, falling 6.11 and 4.42 percent, respectively. The Taiwan dollar firmed T $0.146 to T $31.016 per U.S. dollar.
SHANGHAI, July 8- Over 500 China-listed firms on Wednesday announced trading halts on the Shanghai, Shenzhen Exchange, an analysis of company statements showed, sharply increasing the number of firms looking to take shelter from China's stock market rout.
SINGAPORE, July 8- Oil futures steadied early on Wednesday on an expected drop in U.S. inventory, but worries over the Greek debt crisis and China's stock market turmoil dragged on prices. A Reuters poll flagged a 700,000- barrel decline in U.S. oil inventory, while industry group American Petroleum Institute estimated a drop of nearly 960,000 barrels.
*Euro zone sets end-of-week deadline for Greece. TOKYO, July 8- Asian shares fell on Wednesday as investors fretted over Greece's debt crisis and a recent plunge in Chinese stocks, while the euro steadied. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, while Japan's Nikkei stock index fell 0.7 percent.
With the rally primarily driven by margin trading among retail investors, China's stock market bubble is destined to pop, says Ecognosis Advisory's CEO, Andrew Freris.
CNBC's Susan Li asks Abraham Chan, founder, chairman, CEO and executive director of PuraPharm, whether he is worried about how the recent market rout may affect the company's listing in Hong Kong.
It's been a bumpy ride for car-hailing app Uber as it battles local rivals and traditional taxi operators in the world's second-biggest economy. CNBC's Eunice Yoon has more.
Given the volatility in China's market, a 30 percent correction is within expectations so the aggressive measures may have been too premature, says Jorge Mariscal, regional CIO of Emerging Markets at UBS.
Jim Cramer goes over all the signals in the market that a recession is coming and says these three things could tip us over the edge.
Could this earnings season be the could be the worst quarter since 2009? Here's what Estimize's Christine Short is expecting.
Copper prices hit lowest level in six years on China worries. NEW YORK, July 7- Copper and other metals plunged on Tuesday as the euro sank to a five-week low against the dollar after the European Central Bank tightened lending conditions for Greek banks and as the collapse in equities prices in China drove fears about the country's economy.
NEW YORK, July 7- U.S. crude oil futures steadied on Tuesday after falling sharply a day earlier on worries about Greece's indebtedness and China's stock market losses, although charts indicated renewed selling could push prices into bear market territory. Industry group American Petroleum Institute estimated a drop of nearly 960,000 barrels.
BEIJING, July 8- The fate of debt-ridden U.S. rare earth miner Molycorp rests on China's efforts to crack down on networks that smuggled as much as 40,000 tonnes of the vital technology metals out of the country last year, driving down global prices. Greenwood, Colorado- based Molycorp is the sole U.S. domestic supplier of rare earths used in everything from...
HONG KONG, July 8- A wild plunge in China's stock market over the past month has burned millions of retail investors, but 22- year-old student Zhu Qimeng prefers to view any losses as a valuable part of his education for a career in finance. Unlike in the United States or Europe, China's stock markets are dominated not by financial institutions but by ordinary...
Discussing whether a Chinese market crash is ahead, with Ruchir Sharma, Morgan Stanley Investment Management.
NEW YORK, July 7- The slump in China's stock markets continued to spill over into U.S. exchanges on Tuesday with a measure of Chinese stocks traded on Wall Street hitting its lowest in 13 months. The sharp decline has prompted unprecedented measures, including a collective pledge over the weekend by China's top brokerages and fund managers to invest at least 120...