US, Global stocks succumb to shutdown fears but China charges on

Wall Street also mostly fell, but the red-hot tech sector roared ahead, notching its fifth closing record high in six sessions

NEW YORK/LONDON: Equity markets slid on Thursday after U.S. data raised worries about the economy's recovery and doused enthusiasm that drove a Chinese stock rally for an eighth straight day, while the dollar rebounded as new coronavirus cases hit another record.

The dollar had struggled early in the session, with China's yuan climbing to a four-month peak as investors poured into Chinese stocks on growing signs of a recovery that also helped lift copper prices to more than a year's high.