Asian stock slumped, leading by Chinese shares amidst concerns over China’s rapid moderation in growth. China’s CSI300 index divided -8.66%, Hong Kong’s Hang Seng Index plunged -4.6% and Japan’s Nikkei 225 Index down -3.4%. In addition to July’s weak macroeconomic data, the flash Caixin manufacturing PMI for China dropped -0.7% points to 47.1, the lowest level in 6 years, in August.
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Equities Dive on China Concerns
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