Asian Stocks Slump on U.S. Economic Concern; Toyota, HSBC Slide

Asian stocks tumbled, extending a global sell off that wiped $1.5 trillion from the value of global equities, on concern U.S. growth will stall.

Toyota Motor Corp., the world's second-largest carmaker, slid after a government report showed consumer confidence dropped in the U.S., Asia's biggest export market. HSBC Holdings Plc, the third-largest bank, slumped after the Sunday Times said it will write off $11 billion to cover mounting losses in America.

Read more at Bloomberg.com

Go International With Foreign Index Funds

International markets, through their index funds, offer excellent investment opportunities with parallel risks. Investors can gain appropriate exposure to these opportunities while mitigating the risks through several viable investment options.

Read full article at investopedia.com

Tax honeymoon over in China

The tax honeymoon for foreign investors in China is ending.

For two decades, China has rewarded new investors with hefty tax breaks, helping lure the nearly US$700bn in investment that has helped make the country the world's fourth largest-economy, but fuelling growing complaints by Chinese companies about unfair treatment.

Read more at FIN24.co.za