(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.

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