Global Stock Markets React to China's Disappointing Economic Data
TL;DR Summary
China's recent economic data reveals ongoing struggles post-pandemic, potentially impacting U.S. companies with significant sales in China such as Starbucks, Estee Lauder, and Wynn Resorts. The lack of a consumption-driven stimulus plan from the Chinese government could further exacerbate the situation.
- China reports disappointing GDP, retail data — what it means for 3 of our stocks CNBC
- Hong Kong Stocks Sink as China’s Economy Scares Investors The New York Times
- Hang Seng Index's Worst Slump in 15 Months Has a Silver Lining Bloomberg
- US Stocks End Lower, Asian Indices Trade Mixed; Gap-Down Start On D-Street? | CNBC TV18 CNBC-TV18
- China reveals a double dose of disappointing data Financial Times
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