Stocks were down and Brent crude oil fell below US$97 (RMB595.63) a barrel Monday as concerns about China’s factory output figures endured, Reuters reported, citing investors and market figures from around the world. Finance Minister Lou Jiwei said on Sunday that the country wouldn’t seriously shift its economic policy on account of any single economic indicator, days after many economists lowered growth forecasts for China based on data showing factory output in August had grown at its weakest pace in six years. In addition to the the Australian dollar falling against the US dollar (to US$0.8854) as mining companies’ stocks declined, the Dow Jones industrial average fell 0.62%, the S&P 500 lost 0.8%, the Nasdaq Composite fell 1.14% and the MSCI Emerging Market index dropped 1.3%.
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