The Traderszone Network

Published in TZ Latest News 14 September, 2014 by The TZ Newswire Staff

Asian stocks tumble as China anxiety saps confidence

Asian stocks stumbled to their lowest in five weeks on Monday after a batch of weak data out of China raised the spectre of a sharp slowdown in the world’s second-biggest economy. The Australian dollar, considered a liquid proxy for China plays, also took a hammering and slumped to a six-month low. Data released on Saturday showed China’s factory output grew at the weakest pace in nearly six years in August, while growth in other key sectors also cooled.

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