China’s stock market meltdown
9 years, 8 months ago

China’s stock market meltdown

Al Jazeera  

Andrew Kenningham, a senior global economist at Capital Economics, discusses China’s stock market crash. Every individual investor has to take responsibility for their own actions and a lot of people perhaps got their fingers burnt who would have otherwise been wiser to not get involved. by Andrew Kenningham, Senior global economist China could be heading towards the biggest financial disaster since the 1929 Wall Street crash after shares on its stock markets nosedived, dropping by around 30 percent in less than a month. Andrew Kenningham, a senior global economist at Capital Economics, told Counting the Cost that unlike Greece, which has dominated headlines this week, China was not facing a debt crisis but was dealing with a major stock market bubble and correction.

China  crisis  meltdown  market  stock  economist  global  capital  andrew  senior  economics  chinas  kenningham

History of this topic

Is the Everything Bubble bursting and is another Great Depression looming?
1 week, 1 day ago

Is the Everything Bubble bursting and is another Great Depression looming?

New Indian Express  

But right now, the correction phase is unusually prolonged and intense, with markets looking like a lava lamp. Next, it could be fears of an economic downturn driving a stock market sell-off or changes including federal workforce cuts or the DOGE clampdown on spending that's dampening market sentiment. According to Ventura, a key concern for the stock market is that …

Why did the US stock market tumble and wipe out $4 trillion? What does it mean for the global economy?
2 weeks, 1 day ago

Why did the US stock market tumble and wipe out $4 trillion? What does it mean for the global economy?

Firstpost  

The US stock market wiped out $4 trillion in value on Monday as the S&P 500 fell 2.7 per cent, nearing a nine per cent drop from its all-time high. The Dow Jones plunged 890 points, while the Nasdaq skidded four per cent, driven largely by investor fears over President Donald Trump’s escalating tariff policies Financial news is displayed as …

Stock market slumps as Trump's trade war grows
2 weeks, 1 day ago

Stock market slumps as Trump's trade war grows

Salon  

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Stock sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy
2 weeks, 2 days ago

Stock sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy

LA Times  

The U.S. economy has already given some signals of weakening, mostly through surveys showing increased pessimism. The U.S. stock market’s sell-off is worsening Monday as Wall Street questions how much pain President Trump is willing for the economy to endure in order to get what he wants. It takes a little time.” Trump says he wants to bring manufacturing jobs …

Stock market today: Asian shares fall as China reports lackluster data, while bitcoin hits new highs
3 months, 1 week ago

Stock market today: Asian shares fall as China reports lackluster data, while bitcoin hits new highs

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares retreated Monday in …

China has been plunged into a major financial crisis - this is how it could damage the investments in YOUR pension or Isa: JOHN-PAUL FORD ROJAS
4 months, 3 weeks ago

China has been plunged into a major financial crisis - this is how it could damage the investments in YOUR pension or Isa: JOHN-PAUL FORD ROJAS

Daily Mail  

China is in a major economic crisis - perhaps the most serious since it set out on its dizzying trajectory of economic growth more than four decades ago. The People's Bank of China is taking action against a screeching slowdown in economic growth by cutting interest rates and offering more support to banks and the housing sector 'It is fair …

Here’s How Bad China’s Economy Really Is. Can It Be Fixed?
5 months, 1 week ago

Here’s How Bad China’s Economy Really Is. Can It Be Fixed?

Bloomberg  

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China stocks decline amid economic recovery disappointment, while other markets in Asia rise
5 months, 2 weeks ago

China stocks decline amid economic recovery disappointment, while other markets in Asia rise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Let’s call it what it …

Stock market today: Chinese shares soar, then fade as Beijing outlines details of stimulus
5 months, 2 weeks ago

Stock market today: Chinese shares soar, then fade as Beijing outlines details of stimulus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares soared Tuesday in Shanghai …

Wall Street slips, breaking an 8-day winning streak for stocks
7 months ago

Wall Street slips, breaking an 8-day winning streak for stocks

LA Times  

Pedestrians pass the New York Stock Exchange. It is one of Wall Street’s most influential stocks because a frenzy around artificial intelligence technology has made it one of the U.S. stock market’s most valuable companies at roughly $3 trillion. Expectations aren’t that high this time around, with nearly everyone already in agreement the Fed will begin cutting interest rates next …

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats
8 months ago

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally
8 months, 1 week ago

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian shares were mostly lower …

China misery deepens, US curve steepens
8 months, 1 week ago

China misery deepens, US curve steepens

Live Mint  

By Jamie McGeever July 16 - A look at the day ahead in Asian markets. Asia's economic calendar is remarkably light on Tuesday, allowing markets to take their cue from broader drivers such as China's deepening economic malaise, the shifting outlook for U.S. monetary policy, and the Q2 earnings season on Wall Street. Japan's markets reopen on Tuesday after Monday's …

Chinese economy will continue to defy its ill-intentioned critics
11 months, 2 weeks ago

Chinese economy will continue to defy its ill-intentioned critics

China Daily  

A view of the Huangpu River in Shanghai. Nicholas R. Lardy, senior fellow at the Peterson Institute for International Economics, published an article on the website of Foreign Affairs last week titled "China Is Still Rising-Don't Underestimate the World's Second-Biggest Economy", arguing that the US academics' recent view of China already peaking as an economic power underestimates the resilience of …

China's economy is unravelling at a pace previously thought unimaginable. Where does that leave Australia?
1 year ago

China's economy is unravelling at a pace previously thought unimaginable. Where does that leave Australia?

ABC  

Nothing quite focuses the mind like a military build-up on your back door. Last October, the Reserve Bank of Australia put together a paper outlining the potential threats to global growth, and particularly Australia, from the ongoing meltdown in China's property market. Japan, Wall Street and Indian markets have been on a tear since early last year, while China's three …

Vantage | Why investors are pulling money out of China's stock markets
1 year, 2 months ago

Vantage | Why investors are pulling money out of China's stock markets

Firstpost  

As India celebrates the consecration of the Ram Temple in Ayodhya, the festive mood is overshadowed by discontent in its neighbouring countries. Meanwhile, China, India’s iron brother, is grappling with significant economic challenges, leading to a mass exodus of investors and mounting losses in its financial markets. The decline of Hong Kong’s financial prowess signifies a shift in China’s growth …

China stock investors say worst yet to come in property crisis
1 year, 5 months ago

China stock investors say worst yet to come in property crisis

Live Mint  

China’s property sector has yet to see the worst of the crisis that has cast a pall over the nation’s economy and helped drive an exodus of global funds from the world’s second-largest stock market. That’s the view from nine of 15 respondents in an informal Bloomberg News survey of analysts and money managers based in Hong Kong and mainland …

China's curt response on economy to Joe Biden: ‘Resilient, not collapsed’
1 year, 6 months ago

China's curt response on economy to Joe Biden: ‘Resilient, not collapsed’

Hindustan Times  

China's economy is resilient and has not collapsed, the Chinese foreign ministry said as it rejected claims made by US president Joe Biden that its economy is faltering and could cause wider problems. US president Joe Biden called China's economic situation a "crisis" while Australian treasurer Jim Chalmers said a slowing Chinese economy could in turn weigh on Australia's. US …

China's stocks hit nine-month low as Chinese yuan weakens
1 year, 7 months ago

China's stocks hit nine-month low as Chinese yuan weakens

Op India  

As China’s currency continues to weaken, Chinese stocks hit nine-month lows and the yuan fell on Monday as the authorities’ efforts to revive demand failed to inspire investors, reported Channel News Asia. According to Channel News Asia, analysts say Monday’s modest rate cut shows authorities are concerned about the risks of a major yuan selloff and capital flight, with any …

China's economy on slow lane: Is the country's 4-decade glory run over?
1 year, 7 months ago

China's economy on slow lane: Is the country's 4-decade glory run over?

India Today  

The Chinese economy is in deep trouble and its ripples are being felt across the globe. Structural gaps in the Chinese economy had started to show even before the Covid-19 pandemic ravaged the world economy, but the miscalculated steps taken by the People's Republic of China made the economic situation worse. In 2021, GDP growth in China bounced back to …

China faces financial crisis fears as big investment firm misses payments
1 year, 7 months ago

China faces financial crisis fears as big investment firm misses payments

Op India  

The Wall Street Journal on Saturday reported that investors fearing a ‘Lehman moment’ in China are threatening the solvency of the country’s financial system. The American business and economic-focused daily said that signs of financial stress at a large asset manager in China are making investors nervous about contagion from the country’s slumping property sector, rekindling a debate over whether …

Wall Street drops as faltering Chinese economy sets off global slide
1 year, 7 months ago

Wall Street drops as faltering Chinese economy sets off global slide

LA Times  

China’s recovery has faltered so much that it unexpectedly cut a key interest rate Tuesday and skipped a report on how many of its younger workers are unemployed. A sharp drop for Wall Street capped a day of declines around the world Tuesday after discouraging data on China raised worries about the global economy. But China’s recovery has faltered so …

Stock market today: Asian shares are mixed after Wall St logs 15-month high close on AI hopes
1 year, 8 months ago

Stock market today: Asian shares are mixed after Wall St logs 15-month high close on AI hopes

Associated Press  

BANGKOK — Asian shares were mixed on Wednesday after Wall Street’s frenzy around artificial intelligence and stronger-than-expected profit reports from big financial companies helped pushed U.S. stocks to their best level in more than 15 months. Shanghai and Hong Kong fell on selling of property shares after troubled developer China Evergrande reported its total debts rose in the past two …

Global markets slump amid signs of slowdown in China
1 year, 9 months ago

Global markets slump amid signs of slowdown in China

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Signs of a slowdown in China added to the …

US, Chinese officials discuss climate, economy, relationship
2 years, 2 months ago

US, Chinese officials discuss climate, economy, relationship

Associated Press  

ZURICH — U.S. Treasury Secretary Janet Yellen met on Wednesday with her Chinese counterpart and pledged an effort to manage differences and “prevent competition from becoming anything ever near conflict” as the two nations try to thaw relations. A U.S. Treasury readout of the 2 1/2-hour meeting says the two agreed that the U.S. and China would cooperate more on …

U.S.-China officials to meet on economy, aim to ease tension
2 years, 2 months ago

U.S.-China officials to meet on economy, aim to ease tension

The Hindu  

U.S. Treasury Secretary Janet Yellen sits down with her Chinese counterpart on January 18 in the highest-ranking contact between the two countries since their Presidents agreed to look for ways to improve relations that have grown increasingly strained in recent years. “A wrong policy move or a reversal in the positive data and we could see the global economy head …

China’s economic growth falls to 3%, gradually reviving
2 years, 2 months ago

China’s economic growth falls to 3%, gradually reviving

Associated Press  

BEIJING — China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted. Economic growth sank to 2.9% over a year earlier in the three months ending in …

U.S. stock indexes fall as coronavirus lockdown protests spread in China
2 years, 3 months ago

U.S. stock indexes fall as coronavirus lockdown protests spread in China

LA Times  

Stocks closed lower on Monday as the market reacted to weekend protests in China over its strict COVID-19 lockdowns. A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for President Xi Jinping to step down amid growing anger over severe COVID-19 restrictions. The world’s second-largest economy has been stifled …

China\'s yuan hits 15-year low after Xi extends rule
2 years, 5 months ago

China\'s yuan hits 15-year low after Xi extends rule

Deccan Chronicle  

BEIJING: China's yuan hit a 15-year low against the US dollar on Tuesday, with investors spooked after President Xi Jinping gained complete dominance over the Communist Party at a key meeting last week. The offshore yuan -- which is circulated outside mainland China and is more freely traded than currency in the domestic market -- fell to 7.3735 against the …

China’s Yuan Hits 15-year Low, Days After Xi Extends Rule
2 years, 5 months ago

China’s Yuan Hits 15-year Low, Days After Xi Extends Rule

News 18  

China’s yuan hit a 15-year low against the US dollar on Tuesday, with investors spooked after President Xi Jinping gained complete dominance over the Communist Party at a key meeting last week. The offshore yuan — which is circulated outside mainland China and is more freely traded than currency in the domestic market — fell to 7.3735 against the dollar, …

Asian stocks follow Wall Street lower after US jobs report
2 years, 6 months ago

Asian stocks follow Wall Street lower after US jobs report

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian stock markets mostly declined …

Explained: Why have the Indian markets crashed?
2 years, 11 months ago

Explained: Why have the Indian markets crashed?

Firstpost  

The war in Ukraine and the surge in COVID-19 cases are among the several factors that have impacted the market After an extended weekend, the Indian stock market opened on Monday with a rude shock to the traders as the benchmark Sensex fell sharply by 1,291.93 points to 57,047 in the early trading hours. It wasn’t just Sensex that fell …

‘Biggest crash in world history’: Personal finance expert Robert Kiyosaki predicts economic crisis in October
3 years, 5 months ago

‘Biggest crash in world history’: Personal finance expert Robert Kiyosaki predicts economic crisis in October

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The author of bestselling Rich Dad Poor Dad predicts that …

Stocks tumble as Wall Street’s fears turn to China
3 years, 6 months ago

Stocks tumble as Wall Street’s fears turn to China

CNN  

New York CNN Business — The Dow and the broader US stock market fell to close sharply lower Monday as Chinese real estate conglomerate Evergrande’s debt crisis made American investors uneasy. The White House said it is monitoring the markets, but stressed that Evergrande’s business was “overwhelmingly centered in China.” Evergrande, which is struggling to manage its $300 billion mountain …

Wipeout: China stocks in US suffer biggest 2-day loss since 2008
3 years, 8 months ago

Wipeout: China stocks in US suffer biggest 2-day loss since 2008

Al Jazeera  

Beijing’s crackdown on its tech and education sectors has erased $769bn in value from US-listed Chinese stocks over the course of just five months. Beijing’s sweeping crackdowns of its technology and education sectors has unleashed shockwaves across global markets, erasing $769 billion in value from U.S.-listed Chinese stocks over the course of just five months. The Nasdaq Golden Dragon China …

A look back at a year that rocked markets and the global economy
4 years, 2 months ago

A look back at a year that rocked markets and the global economy

ABC  

The health crisis caused by COVID-19 was a once-in-a-century event, and so too was the economic fallout. The Prime Minister says the JobKeeper payment brings the Government's total economic support to $320 billion, or 16.4 per cent of GDP. "The Government was not going to bail out five large foreign shareholders with deep pockets, who, together, own 90 per cent …

Asian stocks gain after Trump criticizes economic aid bill
4 years, 3 months ago

Asian stocks gain after Trump criticizes economic aid bill

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian stock markets rose Wednesday after President Donald Trump suggested …

Premarket stocks: China’s economy is the envy of the world
4 years, 5 months ago

Premarket stocks: China’s economy is the envy of the world

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. London CNN Business — China’s economy expanded by 4.9% in the third quarter compared to the previous year, according to government data published Monday, showing the rest of the world what’s possible when Covid-19 is brought under control. “China’s economy continued its rapid rebound last quarter, …

Trump Raved About The Stock Market Recovery. The Actual Economy Is Faring Much Worse.
4 years, 7 months ago

Trump Raved About The Stock Market Recovery. The Actual Economy Is Faring Much Worse.

Huff Post  

LOADING ERROR LOADING On Tuesday, the S&P 500, a measurement indicating the financial success of several large companies listed in the stock market, posted record highs as the market closed. Critics have long argued the stock market is a poor indicator of the country’s overall economic performance, and Tuesday’s resounding stock market success juxtaposed against widespread economic despair brought that …

The Economy Is In Trouble. Try Telling The Stock Market
4 years, 9 months ago

The Economy Is In Trouble. Try Telling The Stock Market

NPR  

The Economy Is In Trouble. have developed just an unbelievable sort of character that just does not exist among the broader stock market," says Jim Paulsen, chief investment strategist at the Leuthold Group. "Even though it may feel pretty dark now, the stock market tends to price what might happen in the future," says Linda Zhang, founder and CEO of …

How much money does the world owe China?
4 years, 9 months ago

How much money does the world owe China?

Al Jazeera  

China loans more money to the world than the richest 32 nations. China has been rapidly rolling out its Belt and Road Initiative to build new roads, ports and rail lines in mostly developing nations, extending the country’s reach across continents. Between 2000 and 2017, the world’s debt obligations to China rose from $500bn to a staggering $5 trillion – …

‘Saddest day for the global economy we have ever seen’: Experts mourn as stock market plunges amid record unemployment
4 years, 10 months ago

‘Saddest day for the global economy we have ever seen’: Experts mourn as stock market plunges amid record unemployment

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The S&P 500 fell 0.9 per cent on Thursday …

30 days that brought the world to the brink of a depression
5 years ago

30 days that brought the world to the brink of a depression

CNN  

The novel coronavirus outbreak is raging in China, but fewer than 1,000 people have been infected outside the country. “The coronavirus has created unprecedented financial and societal disruption,” David Kostin, chief US equity strategist at Goldman Sachs, said this week. It warned that it wouldn’t meet its revenue projections for the first three months of the year because the coronavirus …

Global stocks sink after Trump promises virus aid
5 years ago

Global stocks sink after Trump promises virus aid

Deccan Chronicle  

Beijing: Global stock markets sank wednesday in a third day of wild price swings after President Donald Trump promised aid to get the US economy through the coronavirus outbreak. On tuesday, the S&P rose by an unusually wide daily margin of 6 per cent, regaining just under half the previous day's history-making loss. The FTSE 100 in London dropped 4.3 …

Global wipeout: Asian stocks deepen fall over virus panic
5 years ago

Global wipeout: Asian stocks deepen fall over virus panic

Al Jazeera  

Japan’s Nikkei tumbles 10 percent with other Asian stock markets not far behind as investors worry over economic hit. ‘Fight or flight’ “It’s one of those situations where there is so much uncertainty that no one quite knows how to respond … if it’s fight or flight, many people are choosing flight at the moment.” The plunge, as the coronavirus …

Markets bounce back after crash
5 years ago

Markets bounce back after crash

The Hindu  

Oil and equity markets staged solid rebounds on Tuesday after the previous day’s pummelling, with signs of coordinated action by the world’s biggest economies to cushion the economic impact of coronavirus helping pull investors out of panic mode. Japan said it would spend another 430.8 billion yen to ease the effects of the coronavirus outbreak and Italy’s deputy economy minister …

Asian stocks steady after plunge on virus, oil crash
5 years ago

Asian stocks steady after plunge on virus, oil crash

Associated Press  

BEIJING — Asian stock markets rebounded Tuesday from record-setting declines after U.S. futures rose following President Donald Trump’s announcement he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak. On Wall Street, which suffered its biggest one-day drop since the 2008 global crisis on Monday, stock futures rose following Trump’s …

US stocks halted after falling 7%. Global stocks plunge as oil crashes and coronavirus fear spreads
5 years ago

US stocks halted after falling 7%. Global stocks plunge as oil crashes and coronavirus fear spreads

CNN  

Hong Kong/New York/London CNN Business — Global markets are plunging after the implosion of an alliance between OPEC and Russia caused the worst one-day crash in crude prices in nearly 30 years, fueling panic triggered by the escalation of the coronavirus epidemic. The kingdom is trying to retake global market share after Russia refused Friday to go along with OPEC’s …

Asia stocks slump on recession fears after Dow suffers worst day of year; US bond yields plunge
5 years, 7 months ago

Asia stocks slump on recession fears after Dow suffers worst day of year; US bond yields plunge

Firstpost  

The intensifying US-China trade war shows no signs of resolution and the flight to bonds signal the growing fears of a global recession Hong Kong: Asian markets sank Thursday after the Dow suffered its worst day of the year as fears of a global recession mounted with investors fleeing equities. The losses followed a dark day on European bourses and …

ASX tumbles $60 billion on US recession, China slowdown fears
5 years, 7 months ago

ASX tumbles $60 billion on US recession, China slowdown fears

ABC  

The Australian share market lost $60 billion in value, completing the wipeout of all the gains it made over the past two months. Key points: The benchmark ASX 200 index closed 2.9 per cent lower at 6,408 Market sell-off was triggered by "inverted" bond yields America's short-term bonds are paying higher interest rates than long-term bonds The benchmark ASX 200 …

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