Word: seng
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...British colony's status under the dictum of "one country, two systems." China itself, strangely enough, is ranked Number 120, and deemed "mostly unfree." Beijing investors, evidently, have much to learn from their brothers to the south: like the thrill of watching the bottom drop out of the Hang Seng index, for example...
...Nikkei 225 index staged a dramatic turnaround from Friday's 2.2 percent loss, coming back Monday with a surge of 1200.80 points, or 8 percent, to close at 16283.32. Hong Kong's Hang Seng index leapt 462.42 points, or 4.6 percent, to 10419.75, following up on Friday's 236.55-point gain...
...slide on Hang Seng and Nikkei drags down European markets, worries Wall Street. More
...floor of the NYSE, traders had been edgy for days. It didn't help matters that on Friday, the U.S. market fell even though Hong Kong's battered Hang Seng index had rebounded sharply. That rebound was widely dismissed as a "dead-cat bounce," a graphic trader's term that refers to the notion that even a dead cat will bounce a little if it falls far enough. Arthur Cashin, vice president of PaineWebber and director of the firm's floor operations, concluded that "there was more work to be done on the downside...
...What happened? First of all, heavy selling in Tokyo ? where the blue-chip Nikkei 225 index plummeted 697.51 points, or 4.2 percent, to end at 15836.36. It was the first time the index retreated below the 16000 mark since 1995. The Hang Seng index in Hong Kong dropped another 2.95 percent Friday, ending down...