Global stocks plunge further on China woes
Major European and Asian stock markets slumped and commodity prices hit new lows Monday as a Chinese-led rout spread globally, fed by fears of a damaging slodown in the world's second-largest economy.
(AFP) Major European and Asian stock markets slumped and commodity prices hit new lows Monday as a Chinese-led rout spread globally, fed by fears of a damaging slodown in the world's second-largest economy.
Chinese stocks have tumbled since peaking in mid-June and authorities have launched broad interventions to try to restrain the drops, but Beijing's latest market intervention has failed to restore confidence.
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