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  • *Shanghai index a touch above 3,000 support level. *Margin lending in Shanghai falls for 5th day in a row. SHANGHAI, Aug 25- China stocks slumped about 4 percent on Tuesday, touching eight-month lows, as investors dumped shares after a grim "Black Monday" that battered global markets but failed to prompt fresh rescue measures from Beijing.

  • China's yuan weakens as stock market extends decline Tuesday, 25 Aug 2015 | 12:28 AM ET

    SHANGHAI Aug 25- China's yuan dipped against the dollar on Tuesday after closing at its weakest level since 2011 on Monday, hit by another slump in the mainland's stock market and a weak central bank midpoint. The People's Bank of China set the midpoint rate at 6.3987 per dollar prior to market open, 0.2 percent weaker than the previous fix of 6.3862.

  • *Japan Finance Minister Aso says China equity bubble bursting. SHANGHAI, Aug 25- Chinese stocks sank again on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world's second-largest economy is deepening. China, a key driver of the...

  • FOREX-Dollar climbs vs yen as risk aversion eases Tuesday, 25 Aug 2015 | 12:07 AM ET

    *Yen sags as Tokyo shares and U.S. SINGAPORE/ TOKYO, Aug 25- The dollar rose more than 1 percent against the yen on Tuesday and pulled away from seven-month lows as investor risk aversion showed signs of easing, but the outlook remained clouded by worries about slowing Chinese growth. Traders said a rise in U.S. stock index futures and a bounce in Tokyo equities from...

  • *MSCI's broadest index rebounds after biggest loss in 4 years. The MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1.7 percent after an initial dip to three-year lows while Japan's Nikkei index also erased most of its early losses after an intial drop of 4.3 percent. Even the shares that had little business ties with China were sold, "said...

  • SHANGHAI, Aug 25- China's major stock indexes slumped more than 6 percent to 8- month lows in early trade on Tuesday before paring losses, after a catastrophic Monday that destabilised financial markets around the world. In Hong Kong, the Hang Seng index in Hong Kong reversed early losses and was trading up 1.5 percent. Calling it a market disaster is not an...

  • SHANGHAI, Aug 25- China's yuan firmed at the open on Tuesday, after closing at its weakest level since 2011 on the previous day. The People's Bank of China set the midpoint rate at 6.3987 per dollar prior to market open, firmer than the previous day's close at 6.4044. The spot market opened at 6.4149 per dollar and was changing hands at 6.4100 in early trade, 56 pips away...

  • Aug 24- Mac Sykes, an analyst at asset management firm Gabelli& Co, spent Sunday evening, the second night of his summer vacation in New England, watching stock prices tank. While his wife and three kids spent Monday at the beach, Sykes was busy on calls, doing research and watching markets from Shanghai to New York dive. "Everybody was in the game today no matter where...

  • *Yen, euro hover close to 7- month highs vs dollar. TOKYO, Aug 25- The yen and euro hovered in reach of seven-month highs against the dollar on early on Tuesday as wide-spread risk aversion triggered by a meltdown in Chinese equities dogged the U.S. dollar. Barclays, for example, pushed back their call for a Fed rate hike from September to March 2016.

  • *Shanghai stocks fall almost 9 pct, hurt by lack of Beijing move. *More than 1 trillion euros wiped off European stocks in August Dollar slides vs euro, yen; Treasury yields hit 4- month low. NEW YORK, Aug 24- World stock markets plunged on Monday after a near-9 percent dive in China shares and a tumble in oil prices, while U.S. stocks were on track to end the day with steep...

  • In a matter of five sessions, sentiment shifted dramatically on Wall Street and seemed to climax early on a volatile Monday, when the S&P fell as much as 12.5 percent from its record intraday high set last May, and the Dow Jones industrial average, fell 1,089 points shortly after the opening bell. In mid-afternoon trading, major Wall Street indexes were still down...

  • *Shanghai stocks lose almost 9 pct, lack of steps from Beijing disappoints. NEW YORK, Aug 24- World stock markets plunged on Monday, after a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exits. Concerns about a China- led global economic slowdown and tumbling commodities prices had U.S. traders...

  • LONDON, Aug 24- Copper prices tumbled to six-year lows on Monday alongside Shanghai equities on growing nervousness about economic activity and demand prospects in top industrial metals consumer China. The metal used in power and constriction was at $4,897 a tonne at 1121 GMT from $5,055 at Friday's close. The perception that the Chinese government can...

  • SHANGHAI, Aug 24- China stock markets slumped again on Monday, giving up all their gains for the year on a massive selloff that dragged down regional markets, with even some state media saying the government rescue attempt had now failed. As much as 80 percent of China's tradable stocks hit the downside limit during the day, and ominously all index futures...

  • LONDON, Aug 24- Contagion from China's equity malaise spread across emerging markets on Monday, driving a 4 percent tumble in the benchmark equity index while currencies fell 1-2 percent to multi-year lows against the dollar. Selling escalated across emerging markets, taking MSCI's benchmark equity index to six-year lows and their biggest one-day loss...

  • *Shanghai stocks lose 9 pct, lack of steps from Beijing disappoints. Safe-haven government bonds and the yen and the euro rallied as widespread fears of a China- led global economic slowdown and currency war kicked in. "It is a China driven macro panic," said Didier Duret, chief investment officer at ABN Amro.

  • *Oil slumps on China consumption fears. LONDON, Aug 24- Top-rated German bond yields fell to the lowest level seen in nearly three months on Monday, as fears of China- led global economic slowdown saw investors barrel out of riskier assets like stocks. Federal Reserve and the Bank of England's plans to raise interest rates in the coming months, and may even force the...

  • *Shanghai stocks lose 9 pct, lack of steps from Beijing disappoints. Safe-haven government bonds and widespread fears of a China- led global economic slowdown kicked in.the yen and the euro rallied as. Speculators are selling assets that seem the most vulnerable, "said Takako Masai, head of research at Shinsei Bank in Tokyo.

  • SHANGHAI, Aug 24- Chinese stocks plunged more than 8 percent on Monday in panic selling, with flagship indexes smashing key support levels and posting their biggest one-day percentage losses since the height of the global financial crisis in 2007.. The latest tumble, which wiped out what was left of market gains this year, was rooted in investor disappointment...

  • *Gold on track to rally towards $1,200- Phillip Futures. MANILA, Aug 24- Gold hovered near its highest level in almost seven weeks on Monday as worries over a slowing Chinese economy pushed investors away from risky assets and into those deemed as safe haven. "Gold is rising on market fears," said Howie Lee, analyst at Phillip Futures in Singapore.