economic data: The S&P 500 shed 64.84 points, or 3.19 percent, to 1,970.89, according to Xinhua China. The Nasdaq Composite Index sank 171.45 points, or 3.52 percent, to 4,706.04. The Dow tumbled 530.94 points, or 3.12 percent, to 16,459.75. China stocks continued to slump Friday after the release of weak economic data, with the benchmark Shanghai Composite Index diving 4.27 percent to close at 3,507.74 points. For the week, the Shanghai Composite Index sank more than 11 percent, the sharpest weekly drop since the week ending July 3. The Caixin Flash China General Manufacturing PMI retreated to 47.1 in August from 47.8 in July, the lowest point since March 2009.
(news.financializer.com). As
reported in the news.
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