The Business Times
business-time-50

US: Stocks open down 1.4% joining global rout

Published Wed, Jan 20, 2016 · 03:08 PM

    [NEW YORK] US stocks fell about 1.4 per cent in opening trade Wednesday, joining a rout in Asia and Europe prompted by sliding oil prices and worries about a weakening global economy.

    About five minutes into trade, the Dow Jones Industrial Average and the tech-rich Nasdaq Composite Index were down 1.4 per cent, while the S&P 500 dropped 1.3 per cent.

    AFP

    US stocks

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

    Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

    TikTok CEO Chew Shou Zi says the world is only at the beginning of what AI can do, with humans yet to understand its impact on their lives.

    AI can become superior to humans in certain aspects: TikTok’s Chew Shou Zi

    OCBC is still the best performing constituent of the STI this year; DBS and UOB are in third and eighth place respectively.

    DBS, OCBC, UOB face rate hike reality check

    Tan, who leads South-east Asia’s largest bank, said risk repricing is “healthy” as the market wants to make sure that big financial commitments are sustainable. 

    ‘The market has spoken’: DBS CEO Tan Su Shan says market is repricing AI financing risks

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More