While you were sleeping: China concerns grow

Wed, 08 Jul 2015

By Margreet Dietz July 9 (BusinessDesk) - Wall Street fell, along with European equities, amid concern about the persistent fire-sale of Chinese stocks and the outlook for the Asian nation’s economy. A 5.9 percent slump in the Shanghai Composite Index Wednesday brought its plunge since June 12 to 32 percent, according to Bloomberg. “The China selloff is spooking the markets,” Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York, told Reuters. “The selloff continues unabated despite efforts by People’s Ba...

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