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Wall Street tumbles on China contagion

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Wall Street has plunged as fear of contagion from a potential collapse of China’s Evergrande prompted a broad sell-off

Overnight, investors were fleeing equities for safety.

The Nasdaq fell to its lowest level in about a month, and Microsoft Corp, Alphabet, Amazon, Apple, Facebook and Tesla were among the biggest drags on the index.

https://twitter.com/tickerNEWSco/status/1440080171306913798

All 11 major S&P 500 sectors were lower.

Investors also were nervous ahead of the Federal Reserve’s policy meeting this week.

It follows the collapse in the price of iron ore, which has shocked markets in Australia and throughout the world.

What does this mean for the Chinese economy?

https://twitter.com/tickerNEWSco/status/1440078608786096130
https://twitter.com/tickerNEWSco/status/1440095965881507840

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