Everbright Securities Co. plunged in Shanghai as the broker faces possible fines and more restrictions on business after an unprecedented stock trading error that threatens to erode confidence in China’s market.
China’s stocks, the worst-performing among major global equity markets last year, will rise this year and investors should buy when faster inflation triggers rumors of further tightening measures, JPMorgan Asset Management said.
Global investors say the state of the U.S. government’s finances is the greatest risk to the world economy and almost half are curbing their investments in response to continuing budget battles, a Bloomberg poll shows.
China’s stocks fell, driving the benchmark index to the lowest in a week, after a legislator said the central bank should keep raising interest rates and on the prospect money-market rates will remain near record highs.
China’s stocks fell, driving the benchmark index to the lowest in a month, on speculation the government will intensify measures to curb accelerating inflation including higher interest rates and price controls.