A renewed Chinese stock market rout rippled through international markets on the new year’s first trading day, as fresh concerns for the health of China’s economy sent global equities down by the most in more than four months.
The FTSE All-World Index slid as much as 2.7 per cent, the most since the height of the August market turmoil, with the Eurofirst 300 and S&P 500 equity gauges falling 2.5 per cent and 2.3 per cent respectively.
Last year’s stock market darlings — the so-called Fangs, Facebook, Amazon, Netflix and Google — were among the biggest losers in the US equity market.
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