A roundup of trading on major world markets:
NEW YORK – US stocks have lost another nearly three per cent as new data offered more evidence that China’s industrial machine is stalling.
Losses were especially heavy in shares of banks and oil companies, but the selloff also extended to tech giants like Amazon and Apple.
The Dow Jones Industrial Average finished down 469.68 points (2.84 per cent) at 16,058.35 on Tuesday.
The broader S&P 500 plunged 58.33 points (2.96 per cent) to 1,913.85, and the Nasdaq Composite gave up 140.40 (2.94 per cent) at 4,636.10.
Wall Street followed sharp selloffs in Asia and Europe, after China’s official purchasing managers’ index fell to its lowest level in three years in August, suggesting the manufacturing sector was contracting.
LONDON – Europe’s main stock markets have sunk after weaker manufacturing data increased concerns about the Chinese economy.
London’s benchmark FTSE 100 index plunged 3.03 per cent to close at 6,058.54 points on Tuesday.
In the eurozone, the CAC 40 in Paris dropped 2.40 per cent to finish at 4,541.16 points, while Frankfurt’s DAX 30 fell 2.38 per cent to end at 10,015.57 points.
HONG KONG – Asian stocks sank after more data showed weakness in China’s economy, while gold and the yen advanced as investors fled to safer assets.
The Tokyo bourse, which shed almost four per cent, was the biggest loser in the region on Tuesday, providing a lead for the major European markets, which opened sharply down.
The Shanghai market ended down 1.23 per cent at 3,166.62 – having dived more than four per cent at one point – after China’s statistics bureau said its Purchasing Managers’ Index of manufacturing activity came in at 49.7 last month, its lowest for three years.
Tokyo shed 3.84 per cent to 18,165.69, with a stronger yen hitting exporters. Sydney fell 2.12 per cent to 5,096.4 and Seoul gave up 1.40 per cent to close at 1,914.23.
Hong Kong ended 2.24 per cent down at 21185.43.
WELLINGTON – The S&P/NZX 50 Index slipped 1.26 points, or 0.02 per cent, to 5654.98.
