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Hong Kong's Hang Seng Index declined a staggering 14%. The Nikkei fell 4.26%. The U.S. stock markets initially continued their drop from the 27th but abruptly stabilized and began to climb. The Dow fell as many as 186 points by 10:06 am, and soon thereafter a rally started. By 10:20 am, the Dow was down only 25 points.
Ho Sin Hang, chairman of the Hang Seng Bank, conceived the idea of creating the Hang Seng Index as a "Dow Jones Index for Hong Kong". [4] [5] Along with Hang Seng Director Lee Quo-wei, he commissioned Hang Seng's head of Research Stanley Kwan to create the index in 1964, [4] the index was initially used for internal reference in the Hang Seng Bank, they debuted the index on November 24, 1969.
The Hang Seng Tech Index, which tracks Chinese technology companies, is up 28% since the beginning of the year. Individual tech companies have performed even better.
The 2015–2016 stock market selloff was the period of decline in the value of stock prices globally that occurred between June 2015 to June 2016. It included the 2015–2016 Chinese stock market turbulence, in which the SSE Composite Index fell 43% in just over two months between June 2015 and August 2015, [1] [2] which culminated in the devaluation of the yuan.
MANILA (Reuters) -The Philippines vowed on Tuesday not to back down in the face of a Chinese effort to block its fishermen from a fiercely contested shoal in the South China Sea, while Beijing ...
The Philippines inaugurated a new coast guard monitoring base Friday on an island occupied by Filipino forces in the disputed South China Sea and plans to expand joint patrols with the United ...
Philippines: Philippine Dealing Exchange: Metro Manila: 2005 PDEx: Philippine Stock Exchange: Metro Manila: 1927 329 (2020) PSE: Manila Commodity Exchange: Metro Manila: 2011 MCX Singapore: Singapore Exchange: Singapore: 1999 776 SGX Thailand: Stock Exchange of Thailand: Bangkok: 1975 614 (2023) SET: Market for Alternative Investment: Bangkok ...
A Philippine government task force dealing with the South China Sea said the collisions occurred as two Philippine supply boats escorted by two Philippine coast guard ships were heading to deliver ...