Mystery Stock Crash in China Cement Maker Linked to Margin Call

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Canada Headlines News

Canada Latest News,Canada Headlines

China Tianrui Group Cement Co. said a sudden drop in its stock last week triggered a margin call involving a major shareholder, explaining the dynamic behind a dramatic plunge that wiped out nearly all of its market value.

Southwest Gas Unit Gets $314.

8 Million From IPO, Icahn DealChina’s Solar Surge Is Making a Missing Power Data Problem WorseWorld Bank to Connect 300 Million Africans to Electricity With $35 Billion PlanRinehart Expands Ecuador Push With Stake in Copper-Gold ProjectBanxico’s Espinosa Says It’s Too Soon for a Long Easing CycleBiden Seeks Higher Tariffs on Chinese Steel, Aluminum to Support US FirmsJeremy Hunt Says Thames Water Customers Shouldn’t Pay for Its MistakesSands’ Sales, Earnings Beat on Macau Recovery, Singapore...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China Set to Keep Key Rate, Liquidity Steady to Cement RecoveryChina is expected to maintain its key interest rate and liquidity levels in order to solidify its economic recovery.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market today: Stock futures pop as Wall Street looks to continue record-setting runA bullish mood is prevailing on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: 'Magnificent 7' power stock surge after CPI-fueled sell-offInvestors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Tech leads stock slide, Nvidia falls almost 4%Investors have put rate-cut worries on the backburner to focus on earnings season instead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

China's stock watchdog fines property developer Evergrande, slaps lifetime ban on its chairmanBANGKOK (AP) — Troubled property developer China Evergrande Group says Beijing’s stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Ping An Profit Falls Unexpectedly on China Stock Market RoutPing An Insurance (Group) Co.’s profit unexpectedly fell 22.8% last year as stock-market declines hurt investment returns.
Source: BNNBloomberg - 🏆 83. / 50 Read more »