Financial Markets Slumped as Chinese Data Signaled Further Deterioration in 3Q

Market sentiment soured as Chinese economic indicator showed further weaknesses in the economic growth outlook. Meanwhile, comments from Fed's Dudley and Williams that a rate hike by this year remains on track added more pressure on the stock markets. Wall Street's declined with DJIA and S&P500 indices losing -1.92 and 2.57% respectively.

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