Stock market today: Asian markets sink, with Hong Kong down almost 3% on selling of property stocks

BANGKOK — Asian markets declined Tuesday following a mixed session on Wall Street, where buying was pressured by rising bond yields.was up nearly 16%, resuming trading after its shares were suspended last week as the troubled real estate developer announced that its chairman was under investigation. Earlier in the session it's shares soared more than 60%.

Prices have pulled back after charging higher from $70 in the summer. A barrel of U.S. crude fell $1.97 on Monday to settle at $88.82. Stocks that pay high dividends with relatively steady businesses are squeezed because investors are more likely to switch between stocks and bonds. That puts a harsh spotlight on utility companies. PG&E dropped 5.6%, and Dominion Energy sank 5.3% for some of the sharpest losses in the S&P 500.

SmileDirectClub plunged 61.2% to 16 cents after the company that helps people straighten their teeth filed for Chapter 11 bankruptcy protection. ‘Quit saving your money’: Prolific investor Grant Cardone says there's only 1 thing that will bring you true wealth — and it's not your job or being cheap. Here's what it is and how to do itGreat Canadian dividend stocks are now on sale. The post Dividend Investors: 2 Top TSX Stocks With 7% Yields appeared first on The Motley Fool Canada.Warren Buffett is perhaps the most famous investor in the world.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is avertedBANGKOK (AP) — Asian shares were mostly higher in thin trading Monday with many markets closed for holidays. Markets in China are closed for a weeklong holiday. Markets in South Korea also were closed. Oil prices gained and U.S. futures were higher as the threat of a U.S. federal government shutdown receded after Congress approved a temporary funding bill late Saturday to keep federal agencies open until Nov. 17. Japan’s Nikkei 225 index advanced after a central bank survey showed business confi
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Chinese Stocks in Hong Kong Slump, Leading Asia Equities SelloffChinese stocks listed in Hong Kong slumped as trading resumed after a holiday, hurt by a broad risk-off mood across the region and continued concern about the nation’s economic outlook.
Source: BNNBloomberg - 🏆 83. / 50 Read more »