China Stocks Close at 14-Month Low as US Inflation Fuels Fed Fears
Chinese stocks fell Thursday to their lowest close in 14 months, tracking weakness across global markets. Technology shares led declines after stronger-than-expected US inflation data stoked concerns that interest rates could rise further.
Chinese stocks dropped on Thursday to a closing low not seen in 14 months, tracking broad losses across global markets. Technology shares led the decline after stronger-than-expected US inflation data intensified concerns that interest rates could rise further.