Slower China Growth Affects Global Stock Markets

Markets fell in Europe and Asia after China reported on Wednesday that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter. Oil prices jumped more than $1, Elaine Kurtenbach reported for the Associated Press (AP).

Germany’s DAX remained unchanged at 15,253.87, while the CAC 40 in Paris also stayed virtually flat at 7,028.83.

Germany’s DAX remained unchanged at 15,253.87, while the CAC 40 in Paris also stayed virtually flat at 7,028.83.

Britain’s FTSE 100 fell 0.2% to 7,656.76 as the government reported that inflation held steady at 6.7% in September, with easing food and drink price rises offset by higher fuel costs.

The futures for the S&P 500 lost 0.2%, and that for the Dow Jones Industrial Average was 0.1% lower.

Hong Kong’s Hang Seng shed 0.1% to 17,756.02, and the Shanghai Composite index dropped 0.8% to 3,058.71. The Nikkei 225 in Tokyo closed flat, gaining less than 2 points to 32,042.25.

South Korea’s Kospi added 0.1% to 2,462.60, and Australia’s S&P/ASX 200 advanced 0.3% to 7,077.60. Bangkok’s SET rose 0.5%, and India’s Sensex skidded 0.7%. Zen Soo and Stan Choe also reported for AP.

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