Hong Kong Standard (April 10)
“The share price of Tianrui (1252), China’s ninth largest cement manufacturer, “slumped 99 percent in the 15 minutes before the market closed yesterday,” creating a penny stock. The “free fall…also slashed the company’s market capitalization to just HK$141 million from HK$14.6 billion – meaning HK$1 billion evaporated every minute.”
Tags: Cement manufacturer, China, Free fall, Market, Market-cap, Penny stock, Share price, Slashed, Slumped, Tianrui
Bloomberg (June 3)
“A more comprehensive abdication of leadership could scarcely be imagined. America has now lost more than 105,000 people to a still-uncontrolled virus. Some 40 million are out of work, with the economy in free fall. From coast to coast, cities are burning, protests raging and chaos…. And what is the president of the United States doing amid all this? Tweeting, mostly.”
Tags: Abdication, Burning, Chaos, Cities, COVID-19, Economy, Free fall, Leadership, Protests, Trump, U.S., Uncontrolled
