Daniel Tilles and Shiyin Chen, On Friday September 30, 2011, 2:16 pm EDT
Stocks fell, dragging the MSCI All- Country World Index to its biggest quarterly loss since 2008, while the U.S. dollar strengthened as declines in Chinese manufacturing and German retail sales signaled global growth is slowing. Treasuries rose, and oil declined.
The MSCI All-Country World Index slid 1.6 percent at 2:13 p.m. New York time, extending its decline since June 30 to 17 percent. The Standard & Poor’s 500 Index slumped 1.3 percent. The Stoxx Europe 600 Index fell 1.2 percent. The dollar gained against 15 of 16 major peers, including a 1 percent advance versus the euro. Treasury 10-year notes snapped a five-day drop, extending their biggest quarterly advance since the depths of the financial crisis in 2008. Oil fell 1.6 percent.
Lion-Global OCBC Hang Seng Tech Index - Many big Chinese companies are becoming increasingly prominent in the past decade as they mirror the business models of tech companies in the US. However, ...
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