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From the FT...
Equity markets fell sharply on Monday after demand fears in China triggered one of the country’s largest one-day declines, while a recent decline in US consumer confidence was underlined by poor sales from Lowe’s.
The losses on equity markets were matched by falling commodity prices, driving investors from risky assets into the havens of dollar, yen and government bonds.
The Shanghai Composite lost 5.8 per cent, its biggest daily loss this year and 12th largest on record, with metals groups hardest hit after heavy selling of commodities. Copper on the Shanghai Futures Exchange fell by its 5 per cent daily limit.
Monday, August 17, 2009
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