Gold Rises Second Day on Haven Buying as Risk Aversion Resumes

Gold climbed a second day as a global selloff in equities deepened, prompting a return to haven assets. Bullion for immediate delivery rose 0.3 percent to $1,092.03 an ounce at 9:02 a.m. in Singapore, according to Bloomberg generic pricing. The metal fell 1.4 percent last week. Gold investors have grappled with fluctuations in global equities this year, driven by weakness in China, and sinking crude prices. Markets have begun the week ...

Dolar Jatuh ke Posisi Terendah Satu Tahun Terhadap Yen

Dolar AS turun ke level terendah satu tahun terhadap yen pada hari Jumat karena investor mencari keamanan yang dirasakan dari mata uang Jepang di tengah kegaduhan dalam komoditas dan ekuitas pasar global. Harga minyak mentah anjlok 5,7%, untuk menetap di $ 29,42 dan kehilangan 11,3% selama seminggu terakhir. Sementara itu, saham-saham AS turun ke level terendah sejak Agustus. Data penjualan ritel dan manufaktur mengecewakan dari daerah...

Asian Equities Rout Deepens With Japan Poised for Bear Market

Asian stocks slumped, with Japanese shares poised for joining China in a bear market, as concern grew over the strength of the global economy amid the continuing collapse in oil prices. The MSCI Asia Pacific Index lost 1.4 percent to 118.45 as of 9:17 a.m. in Tokyo, extending this year’s slide to 10 percent. Japan’s Nikkei 225 Stock Average declined 2.8 percent, set for a drop of 20 percent from a June peak. Australia’s S&P/ASX...

Japanese Stocks Slide Toward Bear Market as Global Rout Deepens

Japanese stocks tumbled toward a bear market as a global selloff deepened amid a collapse in commodity prices that has pushed oil to a 12-year low. The Topix dropped 2.5 percent to 1,367.79 as of 9:24 a.m. in Tokyo, taking its loss since a high on Aug. 10 to 19 percent. The Nikkei 225 Stock Average fell 2.5 percent to 16,711.30, declining 20 percent since its high on June 24. The yen traded at 116.95 per dollar, after rising 0.9 percent...

U.S. Stocks Slump to Lowest Since August After Retail Sales Data

U.S. stocks dropped, with the Standard & Poor’s 500 Index falling to its lowest level since Aug. 25, as the rout in oil persisted and data showing falling retail sales rekindled concern about the health of the economy. The S&P 500 pared earlier losses that sent it 3.3 percent lower, as technology and energy stocks led losses. Goldman Sachs Group Inc. fell 3.6 percent after agreeing to settle a U.S. probe into its handling of...