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China turmoil takes toll on global stocks in turbulent start to 2016

Discussion in 'Market News' started by Lily, Jan 8, 2016.

  1. Lily

    Lily Forum Member

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    Anxiety grips markets as sharp drops on world’s biggest stock exchanges mirror tumbling shares in Beijing

    A punishing week has left global stock markets nursing losses of more than $2tn in the first week of the new year after worries about China’s faltering growth and turmoil on its stock exchanges reverberated around the world.

    Almost £85bn was wiped off the FTSE 100 in its worst opening week to a year since 2000, when the dotcom bubble burst. The blue-chip index closed at 5,912.44 on Friday, down 0.7% on the day and 5.3% on the week.

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