(Bloomberg) -- U.S. stocks led a renewed rout in equities worldwide as concern that China’s slowing economy will hamper global growth roiled financial markets.
The S&P 500 swooned into September with its third-biggest loss in 2015 as the beating that erased $5.7 trillion from the value of global equities in August continued. Crude tumbled the most in two months, emerging assets plunged and a measure of risk premium on high-yield debt jumped. Demand surged for haven assets from Treasuries to gold.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access