HONG KONG (AP) — Asian stocks sank Friday, extending a sell-off in world markets after Europe’s central bank unveiled plans to stimulate the continent’s ailing economy that fell short of investor expectations. KEEPING SCORE: Japan’s Nikkei 225 dropped 1.9 percent to 19,556.50 and South Korea’s Kospi lost 0.9 percent to 1,975.27. Hong Kong’s Hang Seng … Continue reading
Tag Archives: Asian stocks
Vanishing China execs a vexatious mystery for HK market
HONG KONG (AP) — The chairman of the Hong Kong arm of one of China’s biggest securities companies goes missing. The head of another firm resurfaces after months incommunicado. An executive at a film studio is detained for allegedly taking bribes. They’re not plot outlines for crime novels but real life cases lifted from the … Continue reading
Asian stocks slump on Fed rate hike fears, commodity rout
HONG KONG (AP) — Asian stocks slid Friday following sharp losses on Wall Street as a slump in commodities markets deterred investors from riskier assets and expectations grew that the U.S. would soon move to raise interest rates. KEEPING SCORE: Japan’s benchmark Nikkei 225 index fell 0.8 percent to 19,534.97 while South Korea’s Kospi shed … Continue reading