Chinese factory activity contraction and stock market falls signal concern over China's economic health.
Emerging stock markets fell, with the MSCI index down 0.4%, as China's factory activity contracted for the fourth month, raising growth concerns. Major Chinese firms like Alibaba and Tencent faced losses. Investors are awaiting the U.S. jobs report, which may influence a potential interest rate cut by the Federal Reserve. Global markets showed mixed performance, reflecting cautious sentiment ahead of key economic data amid worries over China's economic health.
September 02, 2024
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