Stock markets around the world sell off sharply as fears about slowing economic growth and rising interest rates spook investors.
The sell-off began on Wall Street on Wednesday with the Dow Jones witnessing its third largest one-day point drop in history.
Bloodbath then spread to Asia with China’s most significant mainland index, the Shanghai Composite, losing more than 5%.
Europe is now suffering, with virtually all major bourses down more than 1.2% in the first hour of trading.
Stock markets around the world are taking a hammering on Thursday as rising fears about global economic growth and ongoing trade tensions continue to rattle investor confidence.
The sell-off started in the US on Wednesday, with the Dow Jones seeing a more than 800 point drop during the session, its third biggest single-day point fall in history. Things then spread to Asia overnight, with all major indices on the continent witnessing major drops.
“Equity markets are locked in a sharp sell-off, with concern around how far yields will rise, warnings from the IMF about financial stability risks, and continued trade tension all driving uncertainty,” analysts at ANZ Bank wrote on Thursday.
Concerns in Asia are exacerbated by investor doubts that fresh stimulus from China’s central bank …read more
Source:: Businessinsider – Finance