Slumping equities, commodities may continue, but not another GFC, fund managers say

Tue, 25 Aug 2015

By Joshua Riddiford Aug. 25 (BusinessDesk) - The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. New Zealand shares followed Wall Street and European equity markets lower for a second day, with the S&P/NZX 50 Index down 1.7 percent to 5510.82 in afternoon trading, on concern China's economy could be heading for a hard landing, potentially derailing global growth. A weake...

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