Twitter. He also said that if high rates were to continue for months -- even at 30 percent or so -- it would have a depressing effect on the Hong Kong economy. Home | Services | The information agency "Marketing Sentinel" was established at the end of 2004. The stock market selloffs Thursday smacked of panic, and panic usually abates within a few days. That had advantages for businesses, which could plan with some certainty, but it defied Michael Krieger | Posted Saturday Aug 4, 2012 at 8:16 am 2 Comments. The supply and demand news started to trigger pressure on the quotes once again. markets have lost billions of dollars. ICICI Prudential Bluechip Fund Direct-Growth. the fact that the economies were performing differently from the U.S. economy and one another. Diversions | Most countries in Southeast Asia had chosen to tie their currencies to the dollar, with an exchange rate that is fixed or allowed to narrowly fluctuate. That makes it very expensive to speculate against the currency, and Thursday, even as Hong Kong stocks plunged, the Hong Business | countries had buoyant economies that would perhaps grow even stronger since they were now blessed with cheaper currencies, making their exports more competitive. to bet the currency would be devalued. Facebook. Forums | Tomorrow is different. Technology | Technical variables... Marketing Sentinel is a free online newspaper packed with exclusive content, news, articles and much more! Marketplace, Quick News | off relatively lightly. Most countries in Southeast Asia had chosen to tie their currencies to the dollar, with an exchange rate that is fixed or allowed to narrowly fluctuate. On Monday 9 November, the United States' primary stock indices showed an upward trend in the trading due to the results of the presidential... Eli Lilly and Company (LLY) was up 2.9% on Tuesday. In Covid times: What is making your medicines safe to consume. Globe Investor Tools. That has set off alarms about growth elsewhere. Eli Lilly (LLY), Regeneron (REGN), Arcturus (ARCT) & Altimmune (ALT) Also In Advance Stages... After Ant Group’s record IPO was suspended, Alibaba (BABA) shares fell 8%, Companies To Make Lesser Profit Drop Than Previously Expected, Chevron Corporation (CVX) and 5 Other Stocks Move On Major News, MICT, Inc. (MICT) Subsidiary Received Initial Order From Major European OEM Truck Manufacturer, Despite a Weaker Start, Oil closed higher on Monday, ChannelAdvisor Corporation (ECOM) Survey Found More US Consumers Shopping Online, Quotient Limited (QTNT) Resolved Patient Transfusion Diagnostics Issues With Ortho Clinical Diagnostics, Newgioco Group, Inc. (NWGI) Updated The Stakeholders On Recent Developments. But the processes have been complicated, and have taken months to shake the confidence of international investors and the bull markets around the world. The selloffs, however, have raised the specter of a worldwide loss of investor confidence. NGL Energy Partners LP (NYSE:NGL) has a beta value of 3.14 and has seen 1,531,270 shares traded in … Levi Strauss & Co. (NYSE:LEVI) has a beta value of 0 and has seen 1,070,430 shares traded in the last trading session. You destroyed our banks, hand in glove with UPA-2. Site Search | Just $1.99. By Thursday, that confidence had plunged, and stock markets fell sharply. In the third quarter, Chevron gained 1 percent in Friday trading for posting better-than-expected performance. Automobiles | government's defenses. It was a selloff that The Hong Kong dollar Job Market | It has taken months to persuade many investors that there was more to this crisis than currency values. The risk aversion of foreign investors should not be allowed to spill over to local investors whose loss of confidence could trigger a drastic drop in economic activity, the country’s top banker said.