Charting the Markets: Global Stocks Drop After China Manufacturing Data

China-listed shares in Hong Kong dropped for a fifth day, the Turkish lira surged and the euro rose following Draghi comments.

What’s Behind the Drop in Global Stocks?

Back to reality for global stock markets after manufacturing in China contracted again, sending the MSCI All Country World Index lower after the best monthly performance in four years. A private gauge rose to 48.3 from September's 47.2, but still languishing below 50, which separates expansion from contraction. Asian stocks started the new month with a decline of as much as 1.2 percent after surging 8.6 percent in October, the biggest leap in six years. European stocks also fell at the open.

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