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US stocks fall sharply on bleak Chinese manufacturing report

Specialist Thomas Facchine, left, works on the floor of the New York Stock Exchange, Tuesday, Sept. 1, 2015. More signs of weakness in China's economy are sending global stock markets sharply lower. (AP Photo/Richard Drew)NEW YORK (AP) ? Stocks plunged again Tuesday, continuing a rocky ride for Wall Street, after gloomy economic data out of China rekindled fears that the world's second-largest economy is slowing more than previously anticipated.


Wall Street falls hard as weak China data stokes fears

Trader works on the floor of the New York Stock Exchange shortly after the market opened in New YorkWall Street slumped more than 2 percent on Tuesday, pushing all three major U.S. indexes into losses for the year after weak data from China added to fears that a slowdown in the world's second-largest economy will constrain global growth. "It's general risk aversion manifesting itself after a really bad August," said Mohannad Aama, managing director, Beam Capital Management LLC in New York. "The continued uncertainty about China is definitely adding to worries." China's manufacturing sector shrank at its fastest pace in three years in August.


Ian King Live: The Big Business & Economic Stories

Ian King Live: The Big Business & Economic StoriesFollowing the rallies everywhere at the end of last week, there had been some hopes among stock market investors that, after an abysmal August ? during which both the FTSE-100 and S&P 500 indices suffered their worst falls in a single month since May 2012 ? September might have begun slightly better.


Stock Market Volatility As 48bn Wiped Off FTSE

Stock Market Volatility As 48bn Wiped Off FTSEIt has been another volatile day on global stock markets with the FTSE 100 index of leading UK shares closing down 3%. The London stock market was shut on Monday due to a bank holiday but it closed down 189 points to 6059 on Tuesday. Monday's nose-dive followed comments by a senior US central banker that were seen as a sign that borrowing costs may be raised from historic lows as early as this month despite the recent market turmoil over China.


Stocks Are Sending a Recession Warning

The bad omens are building in the stock market. Forget for a moment about the Federal Reserve, which seems committed to raising interest rates this month for the first time since 2006. The stock market itself is warning of big trouble.

China stock probes send shivers through investment community

An investor looks at electronic boards showing stock information at a brokerage house in ShanghaiBy Pete Sweeney and Engen Tham SHANGHAI (Reuters) - Investigations by Chinese authorities into wild stock market swings are spreading fear among China-based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in the financial community said. Chinese fund managers say they have come under increasing pressure from Beijing as authorities' attempts to revive the country's stock markets hit headwinds, with some investors now being called in to explain trading strategies to regulators every two weeks. One manager at a major fund - part of the "national team" of investors and brokerages charged with buying stocks to revive prices ? said a friend, also an executive at a large fund, was recently summoned for a meeting with regulators, along with all other mutual funds that had engaged in short-selling activity.


Wall Street falls sharply after weak China data

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New YorkWall Street opened sharply lower on Tuesday after weak data from China heightened fears of a slowdown in the world's second-largest economy and its effect on global growth. Data showed that China's manufacturing sector shrank at its fastest pace in three years. China's official manufacturing Purchasing Managers' Index (PMI) fell to 49.7 in August from 50.0 in July.


Wall Street open lower on weak China factory data

Traders work on the floor of the New York Stock Exchange in New York(Reuters) - Wall Street opened lower on Tuesday after China's weak factory data heightened fears of a slowdown in the world's second-largest economy.


 
 
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