You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Snapshot: Stocks slide after 5% plunge in China

Continue reading below

More signs of distress in China’s economy and rising bond yields led to a broad sell-off of stocks that left the market down 5.7% from its record high, set last month. Things were rough in the morning. An overnight plunge in China caused by a spike in lending rates led to declines in Europe. China’s Shanghai Composite index fell 5%, its biggest decline in four years. France’s benchmark index fell 1.7%, Germany’s 1.2 percent. US traders took one look at that and sold. The Dow fell as much as 248 in the first hour. The yield on the 10-year Treasury note spiked to its highest in almost two years as the sell-off brought down prices of US government debt.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of