Business Breakdown: China declines spark market wide jitters

Wed, 08 Jul 2015

By Suze Metherell July 9 (BusinessDesk) - All eyes will be on the ongoing firesale of Chinese stocks spooking global markets and raising concerns about the outlook for the world’s second largest economy. A 5.9 percent slump in the Shanghai Composite Index on Wednesday has seen China's benchmark index plunge 32 percent in the past month. The turnaround in Chinese equity markets ended a more than 150 surge in the past 12 months which was driven by demand from domestic investors trading on borrowed funds as the People's Bank of China cut int...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Transport
Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.