US stocks fall as Treasuries rise amid China rout, Fed concern
9 years, 8 months ago

US stocks fall as Treasuries rise amid China rout, Fed concern

Live Mint  

New York: US stocks tumbled to a four-month low while Treasuries rose with the yen as China’s stock rout spurred haven demand and Federal Reserve minutes showed officials concerned the crises there and in Greece could damp American economic growth. “All the attention is on China and Greece right now,” Ninh Chung, who helps manage $20 billion for corporate accounts at Silicon Valley Bank in San Francisco, said by phone. China has unveiled new market-boosting measures almost every night over the past 10 days as President Xi Jinping’s government is ramping up efforts to combat the rout. Oil slid in New York on speculation a supply glut will linger at the same time investors shun risky assets amid the Greek crisis and Chinese stock rout.

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