Artie Villasanta
Senior Reporter
The Latest
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Asian Stocks Take Beating Following New Wall Street Rout
The baffling contagion that wrought havoc on the U.S. stock market on Tuesday made it to Asia this morning and the results were brutal. Stocks in Asia tumbled in early trading following another plunge on Wall Street overnight that saw a major sell-off hit major U.S. stock indices. The extensive pull bask saw the Dow Jones Industrial Average and S&P 500 surrender all the gains they accumulated over the entire year. The NASDAQ Composite wasn’t spared, and surprisingly entered correction territory in an ominous sign investor confidence continues to be battered by a mass of uncertainties. Overnight on Wall Street, the Dow shed a massive 608.01 points at 24,583.42 thereby wiping-out all of its gains for 2018. The S&P 500 fell by 3.1 percent to close at 2,656.10 and also turned negative for the year. The NASDAQ Composite dropped 4.4 percent to 7,108.40 — entering correction territory. The CBOE Volatility Index (VIX), widely accepted as the best gauge of fear in the market, surged more than 21 percent to 25.23. It’s risen more than 100 percent this month. Wall Street’s misery quickly spread to Asia. At the opening bell Thursday, China's Shanghai composite fell 1.79 percent while the Shenzhen composite saw a reduction of 2.15 percent. In Hong Kong, the Hang Seng index lost 1.81 percent. Japan's Nikkei 225 traded down 3.35 percent; the Topix index fell by 2.76 percent. In South Korea, the KOSPI fell 2.8 percent. Shares of Samsung Electronics and SK Hynix both fell by more than 3 percent each. SK Hynix reported record third-quarter operating profit on Thursday, beating expectations, but even this bit of hearteninbg news didn’t save it from being victim to future worries. SK Hynix shares were down 4.65 percent in the morning. Australia's ASX 200 fell 2.26 percent, with all sectors losing value. The energy subindex lost 2.36 percent while the heavily weighted financial sector dropped 2.29 percent. U.S. financial experts believe they’ve pinpointed the reasons for the lower market sentiment in recent weeks. These reasons include worries global growth is losing steam; earnings disappointment; international criticism leveled at Saudi Arabia over the killing of a dissident journalist and the prospect of higher U.S. interest rates. Adding to that list of woes is the growing uncertainty over the U.S.-China trade war, which some investors fear could lower 2019 profits. Wall Street will post its worst October since the Great Recession of 2008 largely on negative investor sentiment ignited by Trump's trade war on the world; China's ongoing economic slowdown and rising U.S. interest rates savaging emerging markets. Another clear-cut manifestation of the incredible volatility roiling U.S. equity markets emerged Tuesday when the broader U.S. stock market dropped for the 12th time in the past 14 days led by the Dow. 
The baffling contagion that wrought havoc on the U.S. stock market on Tuesday made it to Asia this morning and the results were brutal. Stocks in Asia tumbled in early trading following another plunge on Wall Street overnight that saw a major sell-off hit major U.S. stock indices. The extensive pull bask saw the Dow Jones Industrial Average and S&P 500 surrender all the gains they accumulated over the entire year. The NASDAQ Composite wasn’t spared, and surprisingly entered correction territory in an ominous sign investor confidence continues to be battered by a mass of uncertainties. Overnight on Wall Street, the Dow shed a massive 608.01 points at 24,583.42 thereby wiping-out all of its gains for 2018. The S&P 500 fell by 3.1 percent to close at 2,656.10 and also turned negative for the year. The NASDAQ Composite dropped 4.4 percent to 7,108.40 — entering correction territory. The CBOE Volatility Index (VIX), widely accepted as the best gauge of fear in the market, surged more than 21 percent to 25.23. It’s risen more than 100 percent this month. Wall Street’s misery quickly spread to Asia. At the opening bell Thursday, China's Shanghai composite fell 1.79 percent while the Shenzhen composite saw a reduction of 2.15 percent. In Hong Kong, the Hang Seng index lost 1.81 percent. Japan's Nikkei 225 traded down 3.35 percent; the Topix index fell by 2.76 percent. In South Korea, the KOSPI fell 2.8 percent. Shares of Samsung Electronics and SK Hynix both fell by more than 3 percent each. SK Hynix reported record third-quarter operating profit on Thursday, beating expectations, but even this bit of hearteninbg news didn’t save it from being victim to future worries. SK Hynix shares were down 4.65 percent in the morning. Australia's ASX 200 fell 2.26 percent, with all sectors losing value. The energy subindex lost 2.36 percent while the heavily weighted financial sector dropped 2.29 percent. U.S. financial experts believe they’ve pinpointed the reasons for the lower market sentiment in recent weeks. These reasons include worries global growth is losing steam; earnings disappointment; international criticism leveled at Saudi Arabia over the killing of a dissident journalist and the prospect of higher U.S. interest rates. Adding to that list of woes is the growing uncertainty over the U.S.-China trade war, which some investors fear could lower 2019 profits. Wall Street will post its worst October since the Great Recession of 2008 largely on negative investor sentiment ignited by Trump's trade war on the world; China's ongoing economic slowdown and rising U.S. interest rates savaging emerging markets. Another clear-cut manifestation of the incredible volatility roiling U.S. equity markets emerged Tuesday when the broader U.S. stock market dropped for the 12th time in the past 14 days led by the Dow. -
$1.537 Billion (CNY10.5 Billion) Mega Millions Jackpot Has One Winner
Probably sometime in early November, the sole winner of the second richest lottery pot in United States history will make himself or herself known to the public. 
Probably sometime in early November, the sole winner of the second richest lottery pot in United States history will make himself or herself known to the public. -
U.S. Approved Plot To Murder Khashoggi, Claims Iran
Iran is accusing the United States of abetting and tacitly approving the murder of Saudi Arabian journalist Jamal Khashoggi earlier this month. 
Iran is accusing the United States of abetting and tacitly approving the murder of Saudi Arabian journalist Jamal Khashoggi earlier this month. -
New ‘AI Translator’ From Baidu Claims to Be Better Than Google’s
Baidu, better known as China's largest and the world's second largest search engine, has released what it calls a "simultaneous translation tool" that can translate languages into the user's own language in real time. 
Baidu, better known as China's largest and the world's second largest search engine, has released what it calls a "simultaneous translation tool" that can translate languages into the user's own language in real time. -
Regeneration of Cochlear Hair Cells Might Help Restore Hearing
A new approach to restore hearing offers hope to the hundreds of millions of people suffering from this devastating disability. 
A new approach to restore hearing offers hope to the hundreds of millions of people suffering from this devastating disability. -
World Equity Markets Again Plunge on Trunp Trade War Fears
Wall Street took another beating yesterday largely on negative investor sentiment ignited by Trump's trade war on the world and rising U.S. interest rates savaging emerging markets. 
Wall Street took another beating yesterday largely on negative investor sentiment ignited by Trump's trade war on the world and rising U.S. interest rates savaging emerging markets. -
Trump Will Junk INF Treaty to Please Republican Voters Ahead of Midterm Elections
U.S. president Donald Trump continues to bluster about withdrawing his country from the 1987 Intermediate-Range Nuclear Forces (INF) Treaty for no reason other than to galvanize his Republican base ahead of the crucial midterm elections his Republican Party is expected to lose. 
U.S. president Donald Trump continues to bluster about withdrawing his country from the 1987 Intermediate-Range Nuclear Forces (INF) Treaty for no reason other than to galvanize his Republican base ahead of the crucial midterm elections his Republican Party is expected to lose. -
World’s First ‘Loop” Underground Transit System to Open in Los Angeles
If you happen to be in Los Angeles on December 11, you might get lucky and be one of the first to ride a "skate" on the world's first underground rapid-transit tunnel employing "Loop" technology. 
If you happen to be in Los Angeles on December 11, you might get lucky and be one of the first to ride a "skate" on the world's first underground rapid-transit tunnel employing "Loop" technology. -
UN Global Campaign vs Illegal Drugs A Spectacular Failure
The slaughter of more than 27,000 Filipinos by Philippine police and allied vigilantes is being cited as proof the United Nations' approach to eradicating the world's illegal drug market is a resounding failure. 
The slaughter of more than 27,000 Filipinos by Philippine police and allied vigilantes is being cited as proof the United Nations' approach to eradicating the world's illegal drug market is a resounding failure. -
Alibaba Cloud Intends To Conquer Europe
Alibaba Group has redressed a glaring weakness in its global cloud operations -- a paltry presence in Europe -- by simultaneously opening two data centers in London yesterday. 
Alibaba Group has redressed a glaring weakness in its global cloud operations -- a paltry presence in Europe -- by simultaneously opening two data centers in London yesterday.
