Asian markets plunged overnight, led by a -5.0% drop in Hong Kong on disappointment over a possible delay in a plan to let mainland Chinese invest in the city’s stock market. China was down -2.5%. And the Yen is higher this morning, which is public enemy 1 in my book.Citigroup (C) got rid of CEO Prince, and said that it could have up to $11B in additional write-downs. But even the news of Prince’s exit couldn’t lift the stock, which is down -4% and weighing on the overall financial sector.Oil is down[...]
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[Source: The Money Blogs]
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