Global markets are getting pounded as fear grips investors

Stock markets around the world are taking a hammering on Thursday as rising fears about global economic growth and ongoing trade tensions continue to rattle investor confidence.

The sell-off started in the US on Wednesday, with the Dow Jones seeing a more than 800 point drop during the session, its third biggest single-day point fall in history. Things then spread to Asia overnight, with all major indices on the continent witnessing major drops.

  • Publisher: Business Insider
  • Author: Will Martin
  • Twitter: @themoneygame
  • Citation: Web link

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Quite a lot has been going on:

Chinese stocks: it’s utter carnage

If you thought the losses on Wall Street were massive overnight, take a look at the scoreboard below of how Chinese stocks were faring at various points on Thursday:

Shanghai Composite 2,583.46, ‘142.38, -5.22%SSE50 2,390.50, -103.55, -4.15%Shenzhen Composite 1,306.69, -5.52%CSI300 3,150.21, -4.00%CSI500 4,350.11, -6.04%Hang Seng 25,437.85, -3.83%USD/CNY 6.5973, 0.12%USD/CNH 6.9389, 0.22%

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The benchmark Shanghai Composite Index has tumbled 5.22% to 2583.46 by 9 a.m. Thursday, London time, leaving it at the lowest level in four years.

It’s now lost 27.3% from the year-to-date high struck on January 29, and is currently on track to record its largest one-day percentage decline since February 25, 2016.

Is diversification enough?

It is almost a given that should you approach your investment advisor for some financial advice, at some point in the conversation the word ‘diversification’ will crop up.

It is indeed good and standard practice in investment management that portfolios are well diversified. Numerous financial literature is available on the merits of diversification; it is indeed what modern portfolio theory is based upon.

Unfortunately, na’ve investors can get complacent and get caught in an artificial reality where they feel their investments are safe as long as they are diversified.

  • Publisher: Times of Malta
  • Author: Allied Newspapers Ltd
  • Citation: Web link

Market Live: Selloff in NBFCs drag D

Market at Close A largely volatile day has come to a close and indices have ended on a negative note. But they are off the day’s low points. The Nifty has managed to give up 11,200 in today’s trade. The Sensex has closed over 200 points lower.’

The day began on a strong note as good global cues and stronger opening on the rupee boosted sentiment in D-Street. The Sensex had risen 300 points in intraday trade. But a sharp selloff in the afternoon, led by a 50 percent crash in Dewan Housing Finance’s shares as well as on Indiabulls Housing weighed big on the market. The Sensex fell 1,000 points, while the Nifty had managed to breach 11,000-mark as well.’

  • Publisher: Moneycontrol
  • Twitter: @moneycontrolcom
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