By Bingyan Wang Shares of Chinese electric-vehicle and battery makers fell Thursday amid worries that Beijing may further tighten pandemic-related curbs that are hurting a weakened auto industry. China’s Contemporary Read more
Tag: slump
Honda shares slump after car sales outlook cut
Honda Motor Co. 7267, -5.16% shares fell sharply Thursday morning after the Japanese auto maker posted disappointing second-quarter results and lowered its fiscal-year car sales forecast. The shares were recently Read more
Nintendo shares slump after outlook cut for Switch console sales
Nintendo Co. 7974, -6.78% shares fell sharply Wednesday morning after the Japanese videogame company lowered its fiscal-year forecast for Switch console sales amid a shortage of chips. The shares were Read more
China’s factory, construction, service activity slump in fresh sign of economic weakness
China’s official gauges measuring factory, construction and service activities all tumbled into contraction territory in October, signaling fresh signs of weakness in the world’s second-largest economy. The official manufacturing purchasing Read more
Opinion: Bad news for bulls: The stock market is still trading above its long-term trend despite this year’s deep slump
The stock market’s long-term prospects have improved enough in recent months that they can now be graded as “average.” That’s a lot better than what prevailed at the beginning of Read more
U.K. fracking stocks slump after Sunak reinstates ban
Shares in London-listed fracking companies slumped on Wednesday after new U.K. Prime Minister Rishi Sunak said he would stick by his party’s manifesto pledge to ban the shale gas extraction Read more
Kakao shares slump in South Korea after data-center fire disrupts services
Kakao Corp. shares 035720, -5.35% slumped early Monday after a fire at one of its data centers over the weekend disrupted its popular messaging app and other fintech services. Shares Read more
Utilities slump into bear market as defensive sector suffers steep selloff
The utilities sector tumbled into a bear market Wednesday, extending a historically steep selloff for stocks traditionally seen as a defensive haven. The S&P 500 utilities sector traded at a Read more
Samsung warns of third-quarter profit slump as consumers cut back on tech spending
SEOUL—Samsung Electronics Co. is expected to see its third-quarter profit slump as the company’s mainstay memory-chip and smartphone businesses feel the effects of curbed consumer spending on tech products in the midst Read more
Treasury yields rise to new cycle highs as U.K. gilts slump
U.S. benchmark bond yields rose to fresh cycle highs on Monday, as worries about more debt supply sparked a rout in U.K. peers. What’s happening The yield on the 2-year Read more