London (AFP) - Global stock markets plunged further on Tuesday as more gloomy evidence emerged of China's economic slowdown, leading to heavy sell-offs in Asia and Europe.Downbeat data showed factory activity in China hit a three-year low, fuelling concern over the health of the world's number two economy.Tokyo stocks tumbled almost four percent as China woes spread, sending major European bourses sliding by around two percent in late morning deals.China's statistics bureau said its Purchasing Managers' Index of manufacturing activity came in at 49.7 last month, its lowest since August 2012.
World Markets Extend Losses As China Falters Again
Roland Jackson, Business Insider
Tue, 09/01/2015 - 4:53am
Topics: london afp global purchasing managers index august asian starting september equity mike dulken accendo frankfurt paris uk cmc lawler us federal reserve ayako sera sumitomo mitsui trust bank ltd tokyo sydney hong kong wu kan shanghai-based jk life insurance shift china communist party november beijing new york department energy pec a london china europe asia markets chinese shanghai june world losses percent economy yen fell stock economic red slowdown tumbled number concern strength stocks domestic hitting interest sell-off output month concerned prices
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