Chinese equity plunge leads world stocks lower as growth fears haunt
Updated : March 08, 2019 03:30 PM IST
The February data, well below expectations of a 4.8 percent drop, worsened the brittle mood on world markets, following the European Central Bank's announcement slashing growth forecasts and unveiling a new round of policy stimulus.
Chinese stocks plunged more than 4 percent in their worst day in five months while Japan's Nikkei. closed 2 percent lower.
European auto stocks were at the forefront, slipping 1.6 percent, with an unexpected decline in German industrial orders adding to the China woes.
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