China, US send markets gyrating
Resurgent worries over China's slowdown sent stocks lower, only for them to recover later Wednesday as disappointing data out of the United States rekindles hopes for a delay in a US interest rate hike. Asian shares tumbled on data showing that China's consumer price index (CPI) inflation rate rose 1.6 percent year-on-year in September. Fears of a sharp slowdown in China had sent global stock markets plunging in August, and a mini-rally was brought to a halt Tuesday on news that China's imports
Read more »