Traders fishing for a bottom "The bulls and bears are fishing for positions as we head into the September Fed meeting," said David Schiegoleit, managing director of investments at the U.S. He's keeping an eye on the Challenger Grey job cut report at 7:30 a.m., ET, and the natural gas inventories at 10:30 a.m.. "It's a good time to be a buyer of risk," said Eddie Perkin, chief equity investment officer...
| By: Evelyn Cheng
As stocks tumble, Indian pharma, Taiwan tech lure smart money Fears the China growth woes could knock the global economy have spread turmoil in world financial markets, toppling the benchmark MSCI Asia Pacific ex- Japan index 16 percent this year. But the turbulence hides opportunities, some funds say, with Credit Suisse estimating net selling in emerging Asia ex- China reached a whopping $19.8 billion in the three months...
| By: Nichola Saminather
Rich Chinese may pour billions into US A small survey suggests that China's economic slowdown and stock market gyrations are likely to spur more of its wealthy to put money overseas.
| By: Robert Frank
EXCLUSIVE-MSCI says volatility won't impact China 'A shares' decision NEW YORK, Sept 2- U.S. index provider MSCI Inc said on Tuesday that recent market gyrations in China and a barrage of interventions by the authorities to stop the rout will not be a factor in deciding whether to include China- listed shares in its Emerging Markets Index. In June, just before the selloff began, MSCI announced it would delay adding China- listed' A shares'...
| By: Jessica Toonkel
UPDATE 3-Tesco prefers MBK's $6.6 bln bid for S.Korean business - sources SEOUL/ HONG KONG, Sept 2- Tesco has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit for as much as $6.6 billion, sources said, as the British supermarket retreats from overseas and focuses on revitalising its domestic business. In what would be the largest-ever private equity deal in Asia, MBK bid around 7.8 trillion won, one...
| By: Joyce Lee and Kane Wu
US markets rebound a day after big plunge Investors remain on edge after the latest market plunge, which was triggered by more signs of slowing growth in China. Tax preparation company H&R Block was the biggest gainer in the S&P 500, rising $2.47, or 7.5 percent, to $35.42. The market has been bouncing around sharply the last few weeks following signs of weakness in China and uncertainty over when the...
Source: The Associated Press
| By: By KEN SWEET, AP Business Writer
UPDATE 4-China tightens trading rules on forex, stock markets HONG KONG/ SHANGHAI, Sept 2- China has announced tougher rules on trading stock index futures and foreign exchange derivatives as it seeks to steady jittery markets whose weakness has raised concern over the health of the world's second-largest economy. But the way it has pushed through a raft of measures in recent weeks has heightened foreign investors'...