NEW YORK: World stock markets plunged on Monday, after a near 9 per cent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exits. After dropping more than 1,000 points, or almost 7 per cent, at Wall Street's open, the Dow Jones industrial average eased losses but was still off more than 1 per cent at midday. The Standard & Poor's 500 index was down by a similar margin after the US benchmark earlier dropped nearly 10 per cent below its record.
Beijing (AFP) - China's consumer inflation fell to a five-year low of 1.4 percent in November, the government said Wednesday, increasing concerns over the risk of deflation in the world's second-largest economy.
HONG KONG (AP) — Japanese stocks rose after poor quarterly economic data raised hopes of fresh economic stimulus while other Asian indexes were steadier as the yuan stabilized after last week's shock devaluation.KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.4 percent to 20,591.83 while with South Korea's Kospi slipped 0.7 percent to 1,969.50. Hong Kong's Hang Seng fell 0.9 percent to 23,778.67 and the Shanghai Composite Index in mainland China added 0.2 percent to 3,972.67. Australia's S&P/ASX 200 rose 0.4 percent to 5,380.10.