Stocks slide as China growth worries fester

By REUTERS
January 5, 2016 19:03

 
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NEW YORK - Global equity markets traded slightly lower on Tuesday after their worst first-day performance in years as concerns about the global economy weighed on sentiment and pushed traders to seek the relative safety of the low-risk yen.

Crude prices also fell on concerns about the pace of growth in China, the world's second-largest oil consumer. News that Chinese rail freight volumes logged their biggest-ever annual decline in 2015 added to economic growth worries.

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