Archive for January 19th, 2015

New Overnight Developments Abroad - Daily Update

A Difficult Day for Stocks in China and Hong Kong

January 19, 2015

Global financial markets last week were convulsed by a profound and unexpected change in Swiss currency policy.  With the United States closed for Martin Luther King Jr’s birthday, another policy-induced bout of turmoil hit the stock markets of China and Hong Kong, which respectively tumbled 7.7% and 1.5%.  The former drop was the greatest since […] More