US Stocks Turn Lower as Banks, Energy Companies Slide

Stocks gave up an early gain and moved lower in midday trading Monday as banks, energy and industrial companies slid. Asian markets fell overnight, while European markets were slightly lower.

U.S. indexes are coming off their worst losses in a month as investors worried about financial upheaval in Turkey which has sent that country’s currency, the lira, plunging.

On Monday Turkey’s central bank announced measures to help that country’s banks manage their liquidity, but the Turkish lira and Turkey’s stock market continued to slide anyway.

The S&P 500 index lost 5 points, or 0.2 percent, to 2,827 as of 12:10 p.m. Eastern time. It fell 0.7 percent Friday. The Dow Jones Industrial Average slid 93 points, or 0.4 percent, to 25,219. The Nasdaq composite was unchanged at 7,839. The Russell 2000 index of smaller-company stocks sank 9 points, or 0.6 percent, to 1,676.

Global markets skidded Friday as investors worried that Turkey’s problems could cause trouble in other countries, but many analysts say that isn’t likely.

Source: apnews

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Hong Kong Stocks Dive, Energy Firms Hit by Oil Losses

Hong Kong stocks sank more than one percent on Tuesday, with energy firms among the worst hit as they tracked a sharp plunge in oil prices.

The Hang Seng Index slipped 1.25 percent, or 357.98 points, to 28,181.68.

The benchmark Shanghai Composite Index dropped 0.57 percent, or 15.91 points, to 2,798.13 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.17 percent, or 2.76 points, to 1,600.08.

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Sumber : bpfnews.com

Hong Kong Stocks Dive, Energy Firms Hit by Oil Losses

Hong Kong stocks sank more than one percent on Tuesday, with energy firms among the worst hit as they tracked a sharp plunge in oil prices.

The Hang Seng Index slipped 1.25 percent, or 357.98 points, to 28,181.68.

The benchmark Shanghai Composite Index dropped 0.57 percent, or 15.91 points, to 2,798.13 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.17 percent, or 2.76 points, to 1,600.08.

Source : AFP

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Sumber : bpfnews.com

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