Grim China data caps worst week of year for stocks

August 21, 2015 8:49 AM

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Grim China data caps worst week of year for stocks

LONDON Aug 21 World stock markets tumbled towards their worst week of the year on Friday and commodities got another kicking, as more alarming data from China sent investors scurrying to the safety of bonds and gold.

The data from China showed its giant manufacturing sector slowing at the fastest pace since the depths of the financial crisis in 2009, confirming the worries about its health that have preying on economist's minds for months.

Also read: SUV boom leads Ford to sales gain in China

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