Global stocks tumble over economic concerns
Friday,
14-Dec-2018
04:23 PM (IST)
After a mixed close on Wall Street on Thursday, the weak Chinese data sent Asian stocks into a tailspin. China’s Shanghai Composite closed with losses of 1.5%, while Japan’s Nikkei 225 slumped 2.1%.The downbeat mood spread to Europe where the region’s own weak data only added pessimism to the selloff. With all of the major European indices in the red, the pan-European Stoxx 600 fell 0.98%.U.S. stock futures pointed to a lower open on Friday as investors shared in the worries over the global economy.The blue-chip Dow futures fell 221 points, or 0.90%, S&P 500 futures lost 23 points, or 0.88%, while the Nasdaq 100 futures traded down 71 points, or 1.06%.
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