Economics
Stocks Tumble With Crude as China Concerns Roil Global Markets
- S&P 500 extends slump into September, historically a bad month
- Haven assets bid with yen rallying with gold, Treasuries
Inside the Uncertainty and Fear in the Markets
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U.S. stocks led a renewed rout in equities worldwide as concern that China’s slowing economy will stymie global growth roiled financial markets.
The Standard & Poor’s 500 Index swooned into September with its third-biggest loss of 2015 as the beating that erased $5.7 trillion from the value of shares globally in August continued. Crude oil tumbled the most in two months, emerging assets plunged and a measure of the risk premium on high-yield debt jumped. Demand for haven assets surged from Treasuries to gold.