China drop, growth worries roil world stocks; dollar dips

By Chuck Mikolajczak NEW YORK (Reuters) - World stock markets and oil prices fell on Thursday as another slump in the equity market of China, the No. 2 economy, stoked concerns about sluggish global growth. Wall Street was also weighed down by a drop in finance stocks and was poised for a third day of declines as expectations cooled for a U.S. interest rate hike in September. Stocks in China tumbled again, with both the Shanghai and Shenzhen markets down more than 3 percent.