Global stock markets fall sharply amid fears over inflation and China slowdown
- Date: 09-May-2022
- Source: The Guardian
- Sector:Financial Markets
- Country:Middle East
Global stock markets fall sharply amid fears over inflation and China slowdown
Global markets fell sharply on Monday as fears over rising inflation and a slowdown in China’s export growth fuelled worries about the health of the world economy.
Stocks in Asia-Pacific markets, Europe and the US all dropped into the red as investors fretted that global growth is weakening, at a time when central banks are raising interest rates to rein in surging inflation.
In London, the FTSE 100 fell to its lowest level in more than seven weeks, down 1.7% or 125 points in afternoon trading at 7,268, with mining companies among the fallers. Japan’s Nikkei had closed down 2.5% earlier on Monday.