![]() ![]() Covid cases because of the delta variant remain at January levels as colder weather approaches in North America.The Federal Reserve begins a two-day meeting Tuesday and investors are worried the central bank will signal it's ready to start pulling away monetary stimulus amid surging inflation and improvement in the job market.The benchmark Hang Seng index plunged 4% with embattled developer China Evergrande Group on the brink of default. Hong Kong equities saw a big sell-off during the Asia trading session on Monday. Investors fear a contagion sweeping financial markets from the troubled China property market.There were a number of reasons for the sell-off: The 30-stock average was down 971 points at it low for the day. One optimistic sign from Monday's rout: The Dow closed well off its session low.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |