Asian, European Stocks Plunge on Weak Chinese Factory Data

Stocks in Asia and Europe plunged Thursday after a report unexpectedly showed Chinese manufacturing is shrinking.

Japan’s Nikkei stock index tumbled 7.3 percent after the report’s release showing Chinese factory production dropped in May for the first time in seven months. It was the Nikkei’s biggest one-day loss since Japan’s March 2011 tsunami and nuclear disaster.

Stocks in London, Paris and Frankfurt followed suit, closing down more than two percent. U.S. markets closed … [Read More]

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Source: VOA News: War and Conflict


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