Skip to main content

China stocks tumble 2%

Asian stock gave up an early lead on Monday, with The Chinese stocks Market leading the declines, amid worries about U.S.A-China trade relations and the performance of the tech sector on Wall Street.
Declining from the start of trade, the Shanghai Composite SHCOMP, -2.18% finished down 2.2% and the smaller-cap Shenzhen Composite 399106, -2.02%   fell 1%.

 The Hong Kong stocks Market joined regional peers recovering from Friday’s global sell-off, though early gains were whittled in a few minutes. The benchmark Hang Seng Index HSI, +0.37%  finished up 0.4%, after rising 1% gain the open. Among active Chinese property developers, Sino Land 0083, -2.38 %, fell over 1.9%, while China Resources Land 1109, +1.15%   finished up 1 %.

 One of the Index major HSBC 0005, +5.04%   stood out, climbing more than 5.1% after posting a 32% rise in third-quarter net profit. Most Chinese automakers listed in Hong Kong were down heavily, with Great Wall Motor 2333, -8.08%   losing 8%.

 Japan’s Nikkei, -0.16%   reversed a gain of around 0.6% to closed off roughly 0.2%. Among major companies under pressure, with Toyota 7203, -1.65%   slid 1.7% and Softbank 9984, -1.41%   fell 1.4%. But Honda 7267, +0.25%   was up marginally, a day ahead of its earnings report.

 South Korea’s Kospi, -1.53%   finished down 1.5%, with Samsung005930, +0.98%   a standout gainer, up 1%.

 Australia’s ASX 200 XJO, +1.11%   closed up 1.1%, led by the energy and financial sectors. New Zealand’s benchmark NZ50GR, +0.55%   added 0.5%. Benchmark indexes in Taiwan Y9999, +0.29 %, Singapore STI, +0.32%   and MalaysiaFBMKLCI, +0.04%   posted modest gains as well.

 EcoCrops International Reports

Labels:

Comments

Post a Comment

Popular posts from this blog

Eqtec signs MoU with Phoenix Biomass Energy worth about €10m

EcoCrops International reports that a Technology solution company Eqtec said on Monday it had signed a memorandum of understanding, with Phoenix Biomass Energy, a USA company located in California.  Phoenix Biomass Energy a power company, to supply the company's proprietary Eqtec Gasifier Technology for two power plants in California, USA. The two contacts to be signed are collectively are expected to be valued in the regions of €10m The Financial close is expected in the last fourth quarter of 2018 and the purchase contracts are expected to be signed and executed shortly after that Eqtec reported. Under the terms of the contact, Eqtec was the exclusive technology supplier of a 2MWe gasification plant and a 3MWe gasification plant to Phoenix for the 12 months from the date of the memorandum of understanding. 'We are delighted to be the exclusive supplier of technology to Phoenix Energy. The USA is a key country for waste to gasification technology and we are excited to ...
Post a Comment
Read more

Is something bad going to happen to the Stock Market

Jeffrey Gundlach the famed American inventor and business mogul believes that the global stock market is signalling 'something bad' is happening. Why would anyone listen? He has the pedigree and experience to make people sit up and listen. Gundlach was formerly the head of the $9.3 billion TCW Total Return Bond Fund, where he finished in the top 2% of all funds invested in intermediate-term bonds for the 10 years that ended prior to his departure. He was fired by TCW in 2009. In 2009, shortly after his firing from TCW, Gundlach founded Doubleline, along with Philip Barach and 14 other members of Gundlach's senior staff from TCW.  Barach was Gundlach's co-manager of the $12 Billion TCW Total Return bond fund.  In a February 2011 cover story, Barron's called him the "King of Bonds." Jeffrey Gundlach is of the opinion that the U.S. stock market will not be able to continue to diverge from global equity markets in the long-term. "I said [before...
Post a Comment
Read more

Dow plunges more than 1000 points

US stocks have decreased more than 1,200 points in the last two days, as the market's recent downturn gets worse and indices in Asia and Europe also took a massive dip. The Dow Jones fell 545 points and on Wednesday the Dow Jones Industrial Average plunged more than 850 point, which was its worst drop in over 7 months. This is the sixth day of losses for the markets, as there are signs of a slowdown in the economy and us battle trade with China. The Nasdaq fell 92 points, or 1.3 per cent, to 7,329.06. The Russell 2000 dropped 25 points, or 1.6 per cent, to 1,550.25. Now Investors are trying to find out the best place to put their money amid concerns over  slowing global economic growth, but  even though there is a lot going on in the markets, here at EcoCrops International the project we're currently running in Estonia is a Asset-backed investment where you would own the land and trees on  99 Year Lease. Even healthcare and bank stocks took a tumble on Thursd...
Post a Comment
Read more