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The MSCI Emerging Markets Index is heading for its biggest weekly loss since 2013, while the MSCI All-Country World Index has retreated 3.2 percent for the period, the worst since December, according to Bloomberg. That correction was caused by a combination of factors, one being...

As if China wasn’t worrying investors enough, the odds of a Fed rate hike in September seems to have lowered. “This is about growth“. The Nasdaq crumbled 6.8% while the S&P 500 sank 5.8%.

The stock market’s steep decline this week has pushed the Dow Jones industrial average into what is known as “correction” territory.

Behind that were signs Beijing is struggling to prevent a stall in the world’s second largest economy, and that its actions, like the devaluation of the Yuan last week, was having a negative impact throughout emerging markets and would drag in developed economies as well.

A “correction” is a Wall Street term for when an index like the Dow industrials or the Nasdaq – or an individual stock – falls 10 percent from its most-recent high. Crude oil briefly dipped below $40 a barrel for the first time since March of 2009.

Manufacturing unit manufacturing on the earth’s second-largest financial system shrank at its quickest price this month in greater than six years, fueling considerations that China’s sudden slowing could have far-reaching results across the globe. The new bout of...

MSCI’s emerging markets index was at its weakest in four years, off 2.16%, while the firm’s all-country world stock index fell 2.7%.

The Caixin Chinese Purchasing Manager’s Index, formerly released by HSBC, showed that manufacturing activity in August slowed to a six-and-a-half-year low. Markit’s Composite Flash Purchasing Managers’ Index, based on surveys of thousands of companies and seen...

A private factory gauge unexpectedly fell to the lowest level in more than six years, data Friday showed. At the same time, policy makers also expressed concerns that given recent drops in commodity prices inflation is still too low to justify an interest rate increase.

Sales amounted to $17.43 billion, compared to the consensus estimate of $17.4 billion.

In Europe, the FTSE 100 index of leading British shares was down 0.8 percent at 6,472 while Germany’s DAX fell 1.1 percent to 10,800. Heating oil fell 4.1 cents to close at $1.518 a gallon.

The Shanghai Composite closed down 3.4% and the smaller, tech-heavy Shenzhen index lost 3%.

The Asian markets dropped even lower on Thursday in the latest chapter of an ongoing slump which threatens to collapse the entire financial system of China.

PetroChina Co. paced losses for energy companies as oil extended its decline from the lowest close in more than six years.

The Dow Jones Industrial Average closed down 33.84 points, or 0.2%, at 17,511.34, after being off as many as 59 points.