Stocks rebound after two-week slump
The equity benchmark index rebounded this week, snapping a two-week losing streak, as bargain hunters showed their buying interest in select lucrative stocks amid renewed optimism.Analysts said the market witnessed major corrections in the past two consecutive weeks and many good stocks came down to a lucrative price level, which...
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Global equity fund inflows plunge on caution over tech sector sell-off
Global equity fund inflows dropped sharply in the week through August 20 on caution over a sell-off in leading technology stocks, with the Federal Reserve Chair Jerome Powell's upcoming speech at the annual Jackson Hole symposium this weekend, also adding to risk aversion, reports Reuters.Investors bought global equity funds worth...
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Wall St jumps more than 1.0pc as Powell hints at rate cut
LONDON, Aug 22 (Reuters): Wall Street's main indexes climbed more than 1% on Friday and the dollar fell on Friday after Federal Reserve chair Jerome Powell pointed to a possible rate cut at the central bank's September meeting.Powell stopped short of committing to cutting interest rates as he tried to...
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From $50b to bust, investors count cost of Evergrande's market tryst
HONG KONG, Aug 22 (Reuters): China Evergrande Group, for the most part, lived true to its name -- it was once the country's premier developer, its listing in Hong Kong in 2009 was the biggest by a Chinese private developer, and it had the largest pile of debt in the...
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