Shares fell Monday in Asia, with Hong Kong's benchmark pulled lower by property stocks following reports that police had detained staff at the wealth management business of troubled real estate developer China Evergrande. U.S. futures edged higher and oil prices advanced. Tokyo’s markets were closed for a national holiday. On Friday, China’s national financial regulator announced it had approved the takeover of the group’s life insurance arm by a new state-owned entity. On Saturday, police in th
Shares fell Monday in Asia, with Hong Kong's benchmark pulled lower by property stocks following reports that police had detained staff at the wealth management business of troubled real estate developerTokyo’s markets were closed for a national holiday.
Evergrande's Hong Kong traded shares were up 1.6% after plunging early in the session. Country Garden, another developer facing huge debt obligations amid a slowdown in the industry and a crackdown on excessive borrowing, saw its shares rise 0.9%. The S&P 500 lost 1.2% to 4,450.32. The Dow fell 0.8% to 34,618.24 and the Nasdaq composite gave back 1.6%, closing at 13,708.33.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian markets off to a slow start in central bank packed weekAsian shares started cautiously on Monday in a week packed with central bank meetings that include the Federal Reserve and the Bank of Japan, which will be closely scrutinised for the global interest rate outlook. Both S&P 500 futures and Nasdaq futures rose 0.2% in early Asia. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% after gaining 1.2% last week.
Read more »
Parliament resumes Monday with Liberals down in the pollsThe Liberal government is behind in the polls by an average of nine points as MPs return to Ottawa for the fall session of Parliament. Opposition parties are attacking the government on the cost of living and housing while the government is eager to look like they are taking action.
Read more »
Big Brothers will light up the sky Monday — including these Burnaby landmarksThe teal light-up event hopes to encourage more volunteers to mentor youth in Burnaby.
Read more »
‘Search the landfill’ protests planned across Canada for Monday'People are speaking of reconciliation, and they think it's moving along just fine. But a genuine step would be to bring these women home to their families.'
Read more »
Fort Smith town councillor says bring 2 weeks of water if you're returning on MondayA Fort Smith, N.W.T. councillor says residents should bring at least two weeks worth of drinking water when they return.
Read more »
PM unveils list of new parliamentary secretaries, with House of Commons set to return MondayThe prime minister has released the list of Liberal MPs who will serve as parliamentary secretaries to ministers in his recently shuffled cabinet.
Read more »