Tuesday, 24 November 2015

Stocks fall, China remains worry

Stocks fell on Monday.

The S&P 500 fell 0.1 percent, the STOXX Europe 600 fell 0.4 percent and the Shanghai Composite Index fell 0.6 percent.

Despite the rebound in markets in recent months, China remains a source of worry for many. From Bloomberg:

David Tepper says a yuan devaluation may be coming in China. John Burbank warns that a hard landing there could spark a global recession...

“The downside scenario for China seems more intimidating than ever before,” billionaire Dan Loeb wrote on Oct. 30 to investors at Third Point.

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