Thursday May 28, 2015

// May 28th, 2015 // Daily News

Asian stocks mostly lower, with Shanghai Comp down 6.5%

CNBC.com

Mainland markets were the biggest losers in the region on Thursday, as fears over tighter requirements on margin financing ignited risk-off sentiment. The rest of the region, meanwhile, shrugged off an inspiring lead from the U.S. overnight to trade mixed.
Overnight, Wall Street ended sharply higher, with the tech-heavy Nasdaq logging a record high close, amid a slight pause in recent climbs in the dollar and bond yields. The Dow Jones Industrial Average and S&P 500 settled up 0.67 and 0.92 percent, respectively.
European stocks also rallied following news that debt-stricken Greece has started crafting an agreement with its international bailout supervisors.
China’s key Shanghai Composite widened losses in the afternoon session to end down 6.5 percent at a near one-week low, marking its biggest one-day loss since January 19 and breaking an eight-session winning streak. The CSI 300 index of the largest listed companies in Shanghai and Shenzhen tumbled 6.7 percent, while the start-up board ChiNext sank 5.4 percent.
News that more Chinese brokerages are tightening margin lending rules seem to be the main cause of concern among retail investors, experts say. According to IG market strategist Bernard Aw, Guosen Securities increased the margin requirement for 908 counters while Southwest Securities reduced the amount of margin financing that traders can receive using collateral.
Separately, the Shanghai Securities News also reported that regulators have recently urged banks to submit data regarding money flows into the stock market, according to Reuters.
Financial and property heavyweights saw steep declines; China Construction Bank and Bank of China sank more than 5 percent each, while Shanghai Shimao and Gemdale lost 9.5 and 8.9 percent, respectively.
Meanwhile, Hong Kong’s Hang Seng index tracked their mainland peers to close down 2.2 percent, hitting a two-week low.
Shares of Hong Kong-listed Evergrande Real Estate Group inched up 0.1 percent after announcing plans to raise around $600 million in a Hong Kong share offering. Sunac China Holdings plunged 7.06 percent following news that it is terminating a takeover deal for troubled Chinese developer Kaisa.

Today’s Inspiration

Don’t Waste Your Pain

by Joyce Meyer – posted May 28, 2015

All things work together and are [fitting into a plan] for good to and for those who love God and are called according to [His] design and purpose. Romans 8:28

Life is full of unjust situations that create a great deal of pain for you, especially in your relationship with other people. You will experience some hurt and pain, but you don’t have to allow these experiences to destroy your happiness. You can’t always choose what happens to you, but you can choose how you respond to it.

If you’ve been hurt, God can take your bad experiences and make them work for your good. Believing this truth is a positive decision that can help stop your pain.

Choose to learn from the hurtful experiences instead of wasting your pain by allowing them to make you bitter. One way to do this is to overcome evil with good by making sure you don’t hurt others. It’s a good place to start!

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