BEIJING: Asian stock markets slid Wednesday as a shock drop in U.S. housing sales and slowing growth in Japanese exports added to evidence of a waning global recovery.
Global markets have spent most of August in the red as economic indicators from the U.S., Japan, China and elsewhere suggested global growth will slow in the second half, dimming earnings prospects for manufacturers and other exporters.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!