From Washington, this is VOA News.
I’m Frances Alonzo reporting.
Stock markets in China finished largely even in volatile trading Tuesday, a day after falling nearly 7 percent in a selloff that spread to markets across the globe.
The massive losses there Monday prompted officials to stop trading.
VOA's Beijing Correspondent Bill Ide says that now the market appears to be on an even keel.
“Analysts are telling us that this is largely because the government moved in to shore up stock prices, you know funneled some money into the market, to stabilize it, and that ended what we saw on Monday, the sharp decline. That said, it was up and down it was a roller coaster ride again. And the uncertainty remains. One of the things that securities analysts that we’ve been talking to today have pointed out to us is: the big question here is ‘where is the economy going?’ and the answer to that is still very much unclear, and as long as that question or as long as there’s no clarity on that, this kind of turmoil in the market is likely to continue.”
That is VOA’s correspondent Bill Ide. You can read more details on that at voanews.com.
U.S. President Barack Obama will discuss his new initiatives to curb gun violence in remarks Tuesday at the White House, as he works to detail to Americans the executive orders he says will not step on Constitutional rights.
Some of those measures, first announced by the White House on Monday, include expanded background checks, and more enforcement of gun laws.
Kuwait joined other Saudi allies in taking diplomatic action against Iran after protesters angry about Saudi Arabia's execution of a prominent Shi'ite cleric stormed the country's embassy in the Iranian capital.
The state-run KUNA news agency said Tuesday Kuwait recalled its ambassador to Tehran.
This is VOA news.
Words in the News
volatile –adj. likely to change in a sudden or extreme way
selloff –n. the sale of a large number of stocks, causing their price to drop
massive –adj. large in amount or degree
prompted –v. to cause
even keel –(idiom) stable, not changing
analysts –n. people who study or analyze something
funneled –v. to send something usually in an indirect way
stabilize –v. to steady, to make more stabile
roller coaster ride –(idiom) something that goes up and down often wildly
turmoil –n. a state of confusion or disorder
initiatives –n. a plan or program that is meant to solve a problem
curb –v. to control or limit