China Stocks Hit 10-Month Low as Market Pessimism Persists
Chinese stocks slumped to their lowest level in 10 months on Thursday as foreign funds continued to exit the country as investors remained pessimistic about economic growth prospects. Hong Kong's Hang Seng Index slumped by over 1%, while the MSCI China Index plunged by...
Toshiba Going Private After $14 Billion Takeover
Electronics conglomerate Toshiba Corporation announced on Thursday that the company is set to go private after the success of a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP). The private equity firm's offer sees them acquire a 78.65% share of...
Asian Stocks Slip, Dollar Strengthens Amid Growth Concerns
Equities in Asia declined on Tuesday after stuttering economic growth in China and Europe spurred growing concerns about the future trajectory of global economies. The U.S. dollar was on the rise as investors reflected on the increased likelihood that the Federal Reserve would continue...
Property Leads China Stock Rally
Chinese stocks rallied on Monday after the government implemented additional support measures for its property sector in an effort to put an end to the sector's economic struggles. The Hang Seng Enterprises Index rose by 3.2%, led by Longfor Group Holdings Ltd. and China...
Global Stocks Head Towards Worst Month Of 2023
Global stocks edged higher on Wednesday as data suggested that U.S. inflation is cooling. Still, they remain on course for their worst monthly performance of the year. MSCI's broadest index of global shares edged 0.2% higher during early trading amid increased Chinese measures to...
China’s Industrial Profits Decline For Seventh Straight Month
Profits at Chinese industrial firms declined by 6.7% in July compared to the previous year. This is the seventh consecutive month that weak demand has crippled the prosperity of Chinese manufacturers as the nation looks to fully recover from its pandemic struggles. This is...