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The decline was exacerbated when Xi Jinping won a third-time and investors feared that he would prioritize state-owned firms over private companies. [22] The decline was also due to concerns over the economic effects of China's Zero-COVID strategy and its regulatory crackdown and fines on companies such as Ant Group. [23]
Brent crude, the international benchmark, fell 3.52% to $74.73 a barrel. Gold climbed 0.62% to $2,682.1 an ounce. The 10-year Treasury yield shed four basis points to 4.03%.
The benchmark index, which set 57 record highs in 2024, racked up a 23.3% gain for the year. This was its second straight year with a gain of more than 20%. The last time the index had as big a ...
Markets seesawed on the first trading day of 2025 as investors grappled with big questions ahead of a change of power in Washington. U.S. stocks jumped in early trading, then zigzagged throughout ...
Brent crude, the international benchmark, climbed 0.3% to $72.48 a barrel. Gold rose fell 0.5% to $2,572 an ounce. The 10-year Treasury was nearly flat at 4.447%.
If Threshold Level 2 (a 13% drop) is breached before 1 pm, the market closes for two hours. If such a decline occurs between 1 pm and 2 pm, there is a one-hour pause. The market would close for the day if stocks sank to that level after 2 pm; If Threshold Level 3 (a 20% drop) is breached, the market would close for the day, regardless of the ...
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