Stocks Struggle as China Data Flag Growth Risks: Markets Wrap

stocks struggle as china data flag growth risks markets wrap

Sumary of Stocks Struggle as China Data Flag Growth Risks: Markets Wrap:

  • Asian stocks dropped after reports showed China’s economy took a knock in August from stringent virus controls and tight curbs on property and as authorities told major lenders to China Evergrande Group not to expect interest payments due next week on bank loans.
  • Bloomberg’s industrial metals subindex steadied after the biggest two-day retreat since June as prices of aluminum, copper and nickel fell.

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