Global Shares Hit by China Sell Off Panic

Stock markets in New York, London, Paris and Frankfurt have fallen sharply as fears of a Chinese economic slowdown continue to haunt investors.

Wall Street’s Dow Jones was nearly 6% lower in early trading after plunges across Europe.
London’s FTSE 100 index was down by more than 6% in afternoon trade, with major markets in France and Germany down by 7% and 6% respectively.

The sell-off hit stocks across almost every sector in New York.

The Dow Jones fell below 16,000 for the first time since February 2014, while the technology-heavy Nasdaq index was trading more than 8% lower in the opening minutes.

Shares in Asia were hit overnight, with the Shanghai Composite in China closing down 8.5%, its worst close since 2007.

Global investors worry about growth in the world’s second largest economy.

via BBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.