Chinese Stocks Drop Almost 9 Percent
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The Shanghai Composite index closed above 3,000 on Monday. Now itâs below 2,800.
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BANGKOK, Thailand -- Most Asian markets tumbled Friday after shares on Wall Street fell sharply amid growing speculation a U.S. interest rate cut was unlikely. Chinese stocks, however, bucked the trend and rose for a fourth straight session.
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Blue-chip stocks fell on Tuesday and the Nasdaq composite index pared earlier gains as China said it raised a stamp duty on stock trades in Chinese markets and a sharp drop in oil prices hurt shares of energy companies.
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China&#39;s benchmark stock indices dropped after the Government took over Hantang Securities Co and three brokerages that failed investment company Xinjiang D&#39;Long Group Co controlled.
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Dow drops as much as 500 points following 9% slide in Shanghai.
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While Chinaâs markets rebounded, markets around Asia fell in reaction to the sharp drop on Wall Street and to disappointing figures on the U.S. economy.
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Here's one China-themed stock that's not doing so well.
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BEIJING -- Chinese stocks plunged Wednesday after the government raised a tax on share trades, trying to cool a market boom amid growing concerns about a possible bubble.
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HONG KONG Mainland Chinese stock markets dropped less than 2 percent on Friday as most Asian financial markets reacted with surprising calm to the Chinese central bank&#39;s announcement late on Thursday of its first increase in interest rates in nine years.
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Global stock markets slip on fears about China, with the UK's FTSE 100 posting its biggest drop in nine months.
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China's main share index fell 3.4% after state-owned firms said they would sell more stock next week.
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U.S. stocks fell on Thursday as  investors took a breath after yesterday's broad-based rally and  a decision by China's central bank to raise interest rates for  the first time in nine years hit shares of companies that have  benefited from its rapid growth.
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Shares of Google Inc. fell almost 9 percent on Friday after an analyst forecast a sharp drop in the price over the next 12 months as the Internet search company grows more slowly.
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NEW YORK/CHICAGO  - Shares of Google Inc. fell  almost 9 percent on Friday after an analyst forecast a sharp  drop in the price over the next 12 months as the Internet  search company grows more slowly.
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China's steel imports declined over the first nine months of the year in reaction to higher international prices, while exports soared, state media reported Friday.
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Stock futures fell on Monday, with investors showing some concern about another big drop in Chinese stocks, but the resilience of other global equities may limit the downward pressure.
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Most Asian stock markets were lower on Tuesday after figures overnight showed the number of unsold homes in the US at the highest since 1991, reviving concerns about the outlook for Asia&#39;s biggest export market.