World stocks fall to near 2-1/2 year lows as a fresh pounding for Chinese markets left Asia at a four-year trough and sent oil and commodity markets sprawling again. Joel Flynn reports.
If investors hoped this week with C markets coming in from the cold that was sorely mistaken. Well stocks fell to their two and a half year lows following fresh pounding in China. Stocks in Asia hitting their lowest point since 2011. China's alone down 5%. And in life that's management's Jeff Lewis is convinced Beijing's Iraq's policy making its. Behind the trash that race. And then and the Maine and equity markets took everybody by surprise but it was. More or less a direct result of the heavy handed intervention last summer particularly locked up of so many shares by institutional investors. European stocks it's or more steady stalled spot investors was still nervous. Commodities on the ropes Brent crude losing more than two and a half to send already hovering near twelve you guys. The soft and round meanwhile pulled the brunt of wild swings on the currency markets have followed the People's Bank of China again leading to support that you want. The test that could calm concerns about currency walk in to date cash traders often BDC Connors Mark Ingram. I think ultimately we'll see. You Abdullah ending up somewhere around about seven point three which is way below what the mall its current thinking even though of course to be some. Very M embarrassing. But changes in annual full costs have a need within the last few days. It was simply don't know what the end game is for the China. Boys about China's underlying economic problems are hot on this issue. Tried data is due on Wednesday with declines in imports and exports expected much more market Hammel can be set to come.