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Global selloff deepens as China flash PMI affirms slowdown fears

It shows slowdown cited by the Fed in its decision to hold rates still has further to run

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The selloff in riskier assets gained pace on Wednesday as a preliminary Chinese manufacturing gauge plunged to the lowest level since the depths of the global financial crisis, sending stocks and commodity currencies tumbling and boosting sovereign bonds.

Hong Kong

THE selloff in riskier assets gained pace on Wednesday as a preliminary Chinese manufacturing gauge plunged to the lowest level since the depths of the global financial crisis, sending stocks and commodity currencies tumbling and boosting sovereign bonds.

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