Wall Street edges lower on Monday amid economy outlook

Note: This section contains information in English only.
Source: Reuters

Shares on Wall Street recorded losses after markets opened on Monday as unfavorable outlook of global economic growth prompted investors to close their positions in equities that are close to reaching their record highs. The Standard and Poor's 500 Index dropped 0.22% to 1,514.91, the Nasdaq Composite Index slid 0.33% to 3,159.35 and the Dow Jones industrial average shrank 0.10% to 14,075.30.

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Mon, 04 Mar 2013 16:29:03 GMT

U.K. shares decline amid week data on Chinese economy

U.K. equities dropped after report showed Chinese services contracted last month, and Chinese government tightened mortgage rules to curb the residential property market. The FTSE 100 Index slid 0.5% to 6,348.69. Seven out of ten sectors in the index inched lower. Kazakhmys posted biggest losses, dragging down the basic materials group by 2.4%. Furthermore, Lloyds Banking Group added to losses

Mon, 04 Mar 2013 15:48:03 GMT

Hong Kong equities down, as new mortgage rules approved

Hong Kong equities slumped on Monday, as investors took short positions in mainland markets after Beijing launched measures to curb the rising prices of property in China. Chinese government announced that owners of homes who sell off their houses, would need to pay 20% on their profits as a capital gains tax. The Hang Hang Seng index decreased 342.41 points

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