Title : Global Markets Rocked By China's Debt And Liquidity Crisis
link : Global Markets Rocked By China's Debt And Liquidity Crisis
Global Markets Rocked By China's Debt And Liquidity Crisis
* Stocks are opening broadly lower on Wall Street following declines overseas and extending a weak patch that has brought the U.S. market down
* The Dow Jones Industrial Average fell more than 700 points
* The S&P 500 was down 1.3% in the early going. The benchmark index hasn't had a decline of more than 1% since mid-August
* Global stock markets are falling sharply Monday, with the Hong Kong exchange having its biggest loss since July and some markets in Europe seeing their steepest declines in nearly a year
* Hong Kong's main index dropped 3.3%, its biggest loss since July, over worries about ripple effects from the severe troubles of the debt-laden Chinese real estate company Evergrande
Wall Street plunged on Monday, with the Dow Jones closing down more than 600 points as as Chinese real estate giant Evergrande teetered on the brink of collapse with debts of more than $300 billion, prompting a broad sell-off and sending investors fleeing equities for safety.
The Dow Jones Industrial average lost 614.41 points, or 1.8%, for its biggest one day drop since July 19.
The 30-stock average was down 971 points at its low for the day.
The Nasdaq fell to its lowest level in about a month, and Microsoft Corp, Alphabet Inc, Amazon.com Inc , Apple Inc, Facebook Inc and Tesla Inc were among the biggest drags on the index as well as the S&P 500.
Read more ....
Update: Stocks tumble as Wall Street's fears turn to China -- CNN
WNU Editor: The next few weeks are going to tell us where all of this is heading.
* Stocks are opening broadly lower on Wall Street following declines overseas and extending a weak patch that has brought the U.S. market down
* The Dow Jones Industrial Average fell more than 700 points
* The S&P 500 was down 1.3% in the early going. The benchmark index hasn't had a decline of more than 1% since mid-August
* Global stock markets are falling sharply Monday, with the Hong Kong exchange having its biggest loss since July and some markets in Europe seeing their steepest declines in nearly a year
* Hong Kong's main index dropped 3.3%, its biggest loss since July, over worries about ripple effects from the severe troubles of the debt-laden Chinese real estate company Evergrande
Wall Street plunged on Monday, with the Dow Jones closing down more than 600 points as as Chinese real estate giant Evergrande teetered on the brink of collapse with debts of more than $300 billion, prompting a broad sell-off and sending investors fleeing equities for safety.
The Dow Jones Industrial average lost 614.41 points, or 1.8%, for its biggest one day drop since July 19.
The 30-stock average was down 971 points at its low for the day.
The Nasdaq fell to its lowest level in about a month, and Microsoft Corp, Alphabet Inc, Amazon.com Inc , Apple Inc, Facebook Inc and Tesla Inc were among the biggest drags on the index as well as the S&P 500.
Read more ....
Update: Stocks tumble as Wall Street's fears turn to China -- CNN
WNU Editor: The next few weeks are going to tell us where all of this is heading.
Thus articles Global Markets Rocked By China's Debt And Liquidity Crisis
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