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Global Market Plunge Intensifies on Fears Over China
World stock markets plunged and Wall Street was due to suffer heavy losses on Monday after China’s main index sank 8.5 percent amid fears over the health of the world’s second-largest economy
A Chinese investor monitors stock prices at a brokerage house in Beijing, Monday, Aug. 24, 2015. Stocks tumbled across Asia on Monday as investors shaken by the sell-off last week on Wall Street unloaded shares in practically every sector. AP Photo/Mark Schiefelbein
TOKYO—World stock markets plunged and Wall Street was due to suffer heavy losses on Monday after China’s main index sank 8.5 percent amid fears over the health of the world’s second-largest economy.
Oil prices, commodities and the currencies of many developing countries also tumbled on concerns that a sharp slowdown in China might hurt economic growth around the globe.
