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Analysts are expressing concern that a worse-than-expected economic downturn could drive bank stock valuations even lower

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Though financial challenges vary, the trend of grown kids returning to the nest dismantles the assumption that parents can ramp up retirement savings in later working years

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TOKYO – Stocks fell in early trading Monday in Asia as investors shaken by the sell-off last week on Wall Street unloaded shares in many sectors.
The Shanghai composite index tumbled 8 per cent to 3,228.57 in early trading; Hong Kong’s Hang Seng index fell 4.2 per cent to 21,475.15 and Japan’s Nikkei 225 stock index dropped 2.7 per cent to 18,918.42. Australia slid 2.5 per cent to 5,084.30, while South Korea’s Kospi lost 0.5 per cent.
Friday’s wave of selling culminated with the S&P 500 losing nearly 6 per cent for the week in its worst weekly slump since 2011.
That followed fresh signs of a slowdown in the Chinese economy, with a gauge of manufacturing, a purchasing managers’ index, or PMI, showing that key sectors are continuing to contract. Weaker demand is spilling over into other markets, especially resource-dependent emerging economies that export to China.
“Investors are taking a safety first approach to the stock market given the potential for instability related to capital flight from emerging economies,” Ric Spooner, a market strategist for CMC Markets, said in a commentary…

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BBC NewsEuropean shares slump as Chinese losses rattle marketsBBC NewsStock markets in London, Paris and Frankfurt have opened sharply lower as fears of a Chinese economic slowdown continue to haunt investors. London's FTSE 100 index was down by 2.5% in early trade, while major markets in France and Germany also …China stocks suffer biggest one-day fall since global financial crisisReutersChina's Shanghai composite index drops 8.5 percent in sell-off that wipes out …Washington PostChina's 'Black Monday': panic grips global financial markets as stocks undergo …Telegraph.co.ukLivemint -Sydney Morning Herald -Irish Independentall 385 news articles »

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