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Trillion dollar wipeout: world stocks' worst first half since 2010

Updated : June 29, 2018 11:06 PM IST

A grizzly mix of US-China trade tensions, central banks turning off the money taps and cooling growth in hotspots including Europe has wiped a trillion dollars off MSCI's 47-countryworld index.
A pumped-up dollar, which has had its best first half in three years, and a 16% leap in oil prices have played a big role too clobbering emerging markets particularly hard.
Chinese stocks have entered bear market territory and EM equities have slumped 10%, or 17% excluding a brief January surge.
Trillion dollar wipeout: world stocks' worst first half since 2010

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