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Weak China trade weighs on global stocks; risk-off trade in play


  • Markets
  • Tuesday, 15 Jan 2019

The Dow Jones Industrial Average fell 86.11 points, or 0.36 percent, to 23,909.84, the S&P 500 lost 13.65 points, or 0.53 percent, to 2,582.61 and the Nasdaq Composite dropped 65.56 points, or 0.94 percent, to 6,905.92.  The pan-European STOXX 600 index .lost 0.48 percent and MSCI's gauge of stocks across the globe shed 0.51 percent.

The Dow Jones Industrial Average fell 86.11 points, or 0.36 percent, to 23,909.84, the S&P 500 lost 13.65 points, or 0.53 percent, to 2,582.61 and the Nasdaq Composite dropped 65.56 points, or 0.94 percent, to 6,905.92. The pan-European STOXX 600 index .lost 0.48 percent and MSCI's gauge of stocks across the globe shed 0.51 percent.

NEW YORK: World stock indexes fell on Monday after a surprise contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets.

Oil prices fell more than 2 percent and the safe-haven yen rose against the dollar following the China news, which added to worries that U.S. tariffs on Chinese goods were taking a toll on the world's second-largest economy.

Markets , Corporate News

   

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