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China's Rate Change Causes Market Panic; Big Dive In Hong Kong Stocks
Monday, August 21, 2023 - 10:28am | 715Read More...The People’s Bank of China (PBoC) continues to send waves of uncertainty through the market. The central bank executed a 10-basis-point cut to its 1-year loan prime rate (LPR), setting it at an unprecedented low of 3.45%. Interestingly, the PBoC chose to leave the 5-year LPR—the reference...
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China-Listed Stocks Tumble In Worst Trading Day Since February: Here's What You Need To Know
Wednesday, April 20, 2016 - 11:22am | 212Read More...Chinese equities tumbled on Wednesday as the Shanghai Composite index lost 2.3 percent, marking its worst trading day since February. The Shanghai index has now lost more than 16 percent since the start of 2016 and roughly 30 percent over the past year. According to traders and analysts that...
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Friday's After Hours Movers: Alexion Pharma Resumes Trading Following Halt
Friday, October 23, 2015 - 4:48pm | 296Read More...Momentum in US markets carried over into Friday's trading session after China's central bank slashed its interest rates for the sixth time in less than a year. The central bank also lowered the amount of cash on hand that banks need to hold to reinvigorate its economy. Meanwhile, the European...
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Drop In Iron Ore Hitting Mining ETFs
Friday, November 28, 2014 - 10:11am | 594Read More...Iron ore continued its decline this week by dipping below $70/dry metric ton, a price it has not seen since 2009. The decline in price is due to an increase in supply from Australia and Brazil, the two largest global exporters, and weakening demand from China, the world largest consumer of the...
