U.S. stocks slide on Thursday after Chinese stock market hit its lowest in 4 years

미국 증시 또 휘청..."중국 경기 둔화 우려 확산"

Wall Street closed lower across the board on Thursday after a plunge in the Chinese market.
Beijing's benchmark index was down nearly 3 percent to an almost 4-year low.
Ko Roon-hee breaks down the digits for us.
U.S. stocks closed lower on Thursday...with the main indices all falling more than one percent.
The Dow Jones Industrial Average tumbled more than three-hundred points, or some one-point-three percent.
The S&P 500 dropped over one-point-four percent, and the Nasdaq plunged more than two percent.
This comes after China's Shanghai Composite index slumped to a near four-year low on Thursday.
The Chinese renminbi also dropped to its lowest level against the U.S. currency since January 2017...as the U.S. Treasury failed to label China a currency manipulator.
China's economic growth also seems to be slowing down.
The National Bureau of Statistics said on Friday that China's economy grew 6-point-5 percent in the third quarter compared to a year earlier.
This GDP growth is 0-point-2 percent slower than the second quarter...and marked the weakest on-year quarterly increase since 2009, during the global financial crisis.
There are also renewed concerns about the trade-spat between the world's two economic superpowers.
Tensions show no signs of easing...after Larry Kudlow, the director of the U.S. National Economic Council, on Thursday referred to China as unfair and illegal traders stealing America's intellectual property.
China's Commerce Ministry said on the same day that the U.S. should drop its protectionist approach.
"For the future development of China-U.S. trade, we hope the U.S. will drop the protectionist approach and create a stable business environment for small and medium-sized enterprises from both sides, to truly benefit the consumers of both countries."
Analysts say there are other reasons besides China...for the slide in U.S. stocks...such as uncertainty over relations between the U.S. and Saudi Arabia.
This is after Treasury Secretary Steven Mnuchin said he would not attend a high-profile investment conference in Riyadh due the controversy over a missing Saudi journalist who's presumed to have been murdered.
Ko Roon-hee, Arirang News.

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