Malaysia’s best-performing bond fund is holding five times as much cash as usual and is considering buying the debt of local lenders and power companies if yields keep rising, the vehicle’s manager said.
China’s stocks fell the most among Asian markets after a report showing inflation accelerated more than forecast, limiting room for monetary easing to support an economic recovery.
Emerging-market stocks fell, led by energy producers and industrial companies, after Moody’s Investors Service cut the debt ratings of six European nations.
The U.S. Securities and Exchange Commission obtained a second emergency court order to freeze assets of traders who allegedly profited from insider knowledge of Cnooc Ltd.’s bid for Nexen Inc.
"There's cyclical weakness in stocks, stemming from lower commodity prices to the propensity for a mild recession in Europe."
- Raymond Tang on Sep 22, 2014