Japanese Stocks Drop on Concern Subprime Losses Will Spread
Aug. 10 (Bloomberg) — Japanese stocks dropped, joining a global sell-off, after BNP Paribas SA halted withdrawals from funds that owned subprime loans.
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August 10, 2007
Fewer stock accounts opened in August
Chinese investors opened 704,900 stock trading accounts in August, the smallest number in 20 months. The news came as huge market losses dampened investor enthusiasm. Fewer people were willing to enter the market. The Shanghai Composite Index had fallen 65 percent from its record high of 6,124.04 on Oct. 16. The index rose for the first time in three days on Tuesday, edging up 0.11 percent to
U.S. stocks fell on Monday as investors worried about the lack of a ceasefire agreement in the Middle East and prospects of slower corporate profits as economic growth slackens.
Stocks Edge Lower Despite Lower Oil, Merger News
Earnings season will kick off in earnest with the release of third-quarter results from Alcoa
