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Global Shares Hit by China Sell Off Panic

2024-06-22OANDAOANDA
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 […]

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.

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