(Bloomberg) -- Canadian stocks declined after China's
benchmark stock index plunged on concerns the government won't try
to stop a fall that's erased more than $350 billion of market value
in four days.
U.S. stocks fell. European stocks dropped for the first time
in three days. China's CSI 300 Index, which has doubled in the past
six months, dropped 7.7 percent, the biggest points slide on
record. The speed at which stock prices soared was ``extremely
unusual'' and highlighted ``structural bubbles'' in the market, the
state-owned China Securities Journal wrote in an editorial.
Read more at Bloomberg Stocks News
benchmark stock index plunged on concerns the government won't try
to stop a fall that's erased more than $350 billion of market value
in four days.
U.S. stocks fell. European stocks dropped for the first time
in three days. China's CSI 300 Index, which has doubled in the past
six months, dropped 7.7 percent, the biggest points slide on
record. The speed at which stock prices soared was ``extremely
unusual'' and highlighted ``structural bubbles'' in the market, the
state-owned China Securities Journal wrote in an editorial.
Read more at Bloomberg Stocks News
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