Gold Rebound on Dolar, Fed Minute Show Uncertainty

Gold rose on Wednesday as the dollar softened, reversing after touching a four-month low as markets watched the tumble in Chinese stock markets and the unfolding Greek debt crisis. The price of the yellow metal did not react to the June U.S. Federal Reserve policy meeting minutes that showed officials saying they needed to see more signs of a strengthening U.S. economy before raising interest rates. Melek was referring to expectations...

Yen Rises as China Stock Slide Fuels Haven Demand; Euro Gains

The yen strengthened as a stock rout in China spurred demand for haven assets amid a slump in commodity currencies. Japan’s currency gained versus all of its 16 major peers. It advanced for a fifth day against the U.S. dollar, the longest winning streak since April, amid concern the turmoil in China will spread and slow global economic growth. The euro climbed by the most in three weeks amid speculation that Greece will reach an agreement...

Asian Stocks Decline, Extending 5-Month Low on China Shares Rout

Asian stocks slid, with the regional benchmark index extending a five-month low, amid concern that China equities rout will depress growth in the world’s second-largest economy. The MSCI Asia Pacific Index declined 0.4 percent to 139.13 as of 9:01 a.m. in Tokyo. China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stem...

Japanese Stocks Plunge as Yen Jumps Amid Flight to Safest Assets

Japanese stocks plunged after the yen strengthened as investors sought haven assets amid a Federal Reserve warning that China’s equity rout and the Greek debt crisis could damp economic growth. The Topix index lost 1.8 percent to 1,554.19 as of 9:01 a.m. in Tokyo, with all of its 33 industry groups declining. The Nikkei 225 Stock Average dropped 1.6 percent to 19,416.19. The yen advanced against all 16 of its major peers Wednesday,...

U.S. Stocks Tumble as China Equities Rout Spurs Growth Concern

The Standard & Poor’s 500 Index fell to a four-month low amid concern that China’s equities rout will hurt growth in the world’s second-largest economy, and Federal Reserve minutes indicated officials acknowledged the potential risks from overseas crises. The S&P 500 fell 1.7 percent to 2,046.88 at 4 p.m. in New York, its lowest close since March 11. Members of the Federal Open Market Committee “mentioned their uncertainty about ...