Stock Trading News – Earnings Anxiety Sinks Asian Stocks – Forbes
HONG KONG — Japanese, Hong Kong and Australian benchmark indexes fell for a second day Wednesday, as investors stepped on the brakes after a rally on anticipation that a wave of corporate earnings could miss forecasts. Mizuho Financial Group ( MFG – news – people ) added 1. Some analysts espoused hopes of a Chinese rebound, while others warned that corporate profits are likely to continue to miss expectations, as Hong Kong stocks suffered big losses Wednesday. CNOOC ( CEO – news – people ) shed 4. Ping An Insurance ( PIAIF – news – people ), set to post financial results Wednesday, slid 4. Citic Pacific ( CTPCY – news – people ) shares were suspended from trading. read more
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