Business Breakdown: China declines spark market wide jitters

Wed, 08 Jul 2015

By Suze Metherell July 9 (BusinessDesk) - All eyes will be on the ongoing firesale of Chinese stocks spooking global markets and raising concerns about the outlook for the world’s second largest economy. A 5.9 percent slump in the Shanghai Composite Index on Wednesday has seen China's benchmark index plunge 32 percent in the past month. The turnaround in Chinese equity markets ended a more than 150 surge in the past 12 months which was driven by demand from domestic investors trading on borrowed funds as the People's Bank of China cut int...

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