Financial Markets Tumble as Greek Deficit Reduction Dooms to Miss Target

Financial markets slumped in Asian session amid intensifying worries on global macro economic slowdown and unresolved problems in debt-ridden European peripheral countries. Greece approved a 6.6B euro austerity plan yesterday but the country’s reduction in budget deficit will still fall short of the target previously set with the troika. China’s manufacturing PMI improved in September.

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Financial Markets Tumble as Greek Deficit Reduction Dooms to Miss Target