BSE Sensex ends over 2,200 points down! Bears on a rampage as US recession fears hit global markets badly
Stock market crash LIVE: Chinese stocks end down despite strong economic data
Chinese equities ended the trading session in negative territory on Monday, following the global market trend, as concerns about a potential recession in the United States drove investors away from risky assets. This occurred despite data indicating an acceleration in China’s services activity growth in July. Investors worldwide sought refuge in safer bonds after discouraging U.S. economic data raised doubts about the Federal Reserve’s ability to achieve a soft landing and whether more aggressive interest rate cuts are necessary to prevent a slowdown in the largest economy globally.
In China, the second-largest economy worldwide, the Caixin/S&P Global services…
