Global Stocks Sink on China, U.S. Growth Concerns

Updated on
  • S&P 500 ends down 1.5%, trimming earlier slide of almost 3%
  • Treasuries advance with gold, yen as haven assets sought

How China Stocks Reflect Economic Idiosyncrasy

Stocks were pummeled on the first trading day of the year, sending the Dow Jones Industrial Average down as much as 467 points before recouping some of those losses as a selloff in Chinese equities spread amid anxiety over the outlook for global growth.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.