World shares slide on China investment worries

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

International investors who have been piling into China in recent years are now bracing for one of its great falls as the troubles of overindebted property giant China Evergrande come to a head.

Hong Kong's Hang Seng index dropped to its lowest level so far this year.

"[Retail spending] categories that were strongest in August were in COVID-beneficiary categories," wrote Ellen Zentner, chief US economist at Morgan Stanley. The MSCI world equity index was last down by 0.25%, off an all-time high on September 7. MSCI's broadest index of Asia-Pacific shares outside Japan closed down 0.83%.The Dow Jones Industrial Average fell 63.07 points, or 0.18%, the S&P 500 lost 6.95 points, or 0.16%, and the Nasdaq Composite added 20.40 points, or 0.13%.

On Tuesday, September 14, data from the US Labor Department showed inflation cooling and having possibly peaked, butThe dollar index rose 0.441%, with the euro down 0.41% to $1.1767.Spot gold dropped 2.3% to $1,751.53 an ounce. US gold futures fell 2.27% to $1,751.70 an ounce.

 

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

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines