Morning Briefing: Chinese stocks down 6 per cent

Morning Briefing: Chinese stocks down 6 per cent

Morning Briefing: Chinese stocks down 6 per cent Chinese stocks down 6 per cent
Volatile oil prices, the lower lead from Wall Street and the start of the Fed’s two-day monetary policy meeting gave Chinese investors the jitters Tuesday, prompting a late sell-off of equities. Shanghai was down more than 6 per cent at the close and the ripple effect dragged other Asian markets lower. Only Sydney escaped the impact as it was closed for the Australia Day holiday.

European markets are down almost 1 per cent so far, following the Chinese sell-off and oil and gas stocks have been hit by the wild fluctuations in oil prices in recent sessions.

Wall Street and Toronto are expected to open lower.
 
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North America (previous session)
US Dow Jones 15,885.22 (-1.29 per cent) -9.50 per cent -10.14 per cent
TSX Composite 12,143.16 (-1.99 per cent) -8.77 per cent -17.94 per cent
 
Europe (at 5.30am ET)
UK FTSE 5,837.66 (-0.67 per cent) -6.67 per cent -14.81 per cent
German DAX 9,697.38 (-0.40 per cent) -9.76 per cent -11.26 per cent
 
Asia (at close)
China CSI 300 2,940.51 (-6.02 per cent) -23.39 per cent -18.50 per cent
Japan Nikkei 16,708.90 (-2.35 per cent) -10.98 per cent -4.35 per cent
 
Other Data (at 5.00am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
30.67
(+0.56 per cent)
30.37
(+0.10 per cent)
1113.20
(+0.71 per cent)
U$0.7020
 
Aus. Dollar
U$0.6972

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