Global Stocks Slip on Worry Rally Looks Exhausted: Markets Wrap
- Two-year gilts trade at 5% yield for first time since 2008
- Disappointed hopes for stimulus in China hits tech stocks
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Stocks fell Monday as concern about the global economy and the path of rates sapped the strength of a blistering second-quarter rally.
A decline of 1% in Europe’s main equity gauge swept up almost every industry. Among the biggest individual movers, Sartorius AG slumped 15% after issuing a bigger-than-expected profit warning. In Asia, disappointed hopes for further stimulus pushed down Chinese tech companies.