China’s slowing growth send stocks tumbling
China’s slowing growth send stocks tumbling
Concerns over China’s slowing growth sent stocks tumbling Tuesday, Reuters reported. China raised fuel prices for the second time in less than six weeks, while BHP Billiton Ltd , the world’s largest mining company, said it saw signs of “flattening” iron-ore demand from the world’s second-biggest economy. The Dow Jones industrial average was down 0.51 percent, the Standard & Poor’s 500 index was down 0.42 percent and the Nasdaq composite index was down 0.5 percent, at 1:30 p.m. Central time.
Concerns over China’s slowing growth sent stocks tumbling Tuesday, Reuters reported.
China raised fuel prices for the second time in less than six weeks, while BHP Billiton Ltd , the world’s largest mining company, said it saw signs of “flattening” iron-ore demand from the world’s second-biggest economy.
The Dow Jones industrial average was down 0.51 percent, the Standard & Poor’s 500 index was down 0.42 percent and the Nasdaq composite index was down 0.5 percent, at 1:30 p.m. Central time.
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