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Global stocks sink after Fed discusses cut in US stimulus


July 9, 2021
BEIJING (AP) Global stock markets and Wall Street futures fell yesterday after the Federal Reserve talked about possibly reducing United States (US) economic stimulus. Japan was preparing to declare a coronavirus state of emergency during the Olympics due to a surge of infections.
London and Frankfurt opened more than one per cent lower while Shanghai, Tokyo and Hong Kong also retreated. The future for Wall Street’s benchmark S&P 500 index was off one per cent, retreating from Wednesday’s record high.
Also yesterday, South Korea reported a one-day record increase of 1,275 new coronavirus infections, adding to gloom about the disease. ....

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