China stocks sink over 7 per cent as panic selling intensifies
SHANGHAI: China stocks slumped more than 7 percent on Tuesday to their lowest level since December, with panic selling intensifying after the flagship Shanghai Composite Index crashed through the key support level of 3,000 points. Investors stampeded out of shares after a grim “Black... read more »
Asian shares bounce off 3-year lows but China’s suffering continues
Volatile global markets showed signs of a respite from the bloodbath on Tuesday, as bargain hunters helped Asian stocks off three-year lows hit on fears that China’s economy was risking a hard landing, with Chinese shares losing another 5%. The MSCI’s broadest index of Asia-Pacific... read more »
Sensex in red again, falls over 300 pts in volatile mid-day trade
After recouping around 400 points from Monday’s mega fall in morning, the benchmark BSE Sensex plunged back into the negative zone in late morning deals and was down by 326.88 points at 25,414.68. The index slipped in late morning trade following sustained selling seen in tech, power,... read more »
BSE to Suspend Trading in 17 Companies
New Delhi: BSE has ordered suspension of trading in shares of 17 companies, including Raj Irrigation Pipes & Fittings and Kohinoor Broadcasting Corporation, from August 26 until further notice. The move is aimed at ensuring safety of investors in the capital market. “Based on the... read more »
