Slowing China surfaces as market's latest worry
CHINA has not really featured as a major driving force for equity markets for many months - instead, investors have been obsessed by US Federal Reserve tapering for about nine months now - but the health of the Chinese economy this week suddenly became a key factor when news of an unexpected factory output contraction sent markets all over the world tumbling.
The Straits Times Index had been suffering from weak liquidity and demand when the China news hit, so combined with a 24.25-point loss yesterday, the in…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Anglo American says it received unsolicited buyout proposal from BHP
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
Meta profits soar but costs of AI cause worry
IBM falls on weak consulting sales, overshadowing HashiCorp deal
Oil settles lower as US business activity cools, concerns over Middle East ease
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost