Prospects of a deflationary US economy and collapsed car industry sent Wall Street stocks to lows not seen since 2003 on Thursday. The S&P 500 plunged 6.1 percent to 806.58 and extended its 2008 retreat to 45 percent, poised for its worst year since 1931. The Dow Jones Industrial Average lost 427.47 points, or 5.1 percent, to 7,997.28.
Investors took fright at labour department data that showed the cost of living plunged the most since records began in 1947, and the first decline in so-called core consumer prices, which exclude food and energy, in more than 25 years.
Will markets recover anytime soon? Two fund management companies shared their views on prospects for an imminent stock market recovery at our recent seminar...
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An equity fund with a difference The AllianzGI Choice Equity Fund has delivered a relatively stable and reliable performance since its inception in February...
