News Formal

Asian stocks fall as global growth concerns mount

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

China’s services activity expanded at its slowest rate in eight months in August, indicating weak demand.

Shares in Europe and the US fell on Tuesday over concerns about weak global growth and potential interest rate hikes.

Manufacturing data from Germany, Britain and the euro area also showed declines, while their service sectors fell into contraction. “The Chinese government has become more active and is relaxing more regulation but whether it is good enough remains to be seen,” he added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PMIs: Global business activity showed signs of slowdown in AugustLONDON, Sept 5 — Global business activity largely slowed further last month as services firms struggled in the face of weak demand as rising prices and borrowing costs made...
Source: malaymail - 🏆 1. / 86 Read more »