Global stocks fall amid worries over interest rate, US-China tensions


Wall Street indices spend most of the day in the red, with the S&P 500 ending down 0.6%, on Monday. – EPA pic, February 7, 2023.

STOCK markets slid and the dollar firmed yesterday after the latest round of robust US economic data fanned expectations of more Federal Reserve interest rate hikes.

Adding to the downbeat mood were geopolitical concerns after the United States shot down a suspected Chinese spy balloon that had floated across the country for days.


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