Wall St. set to open lower after weak China data

September 1, 2015 1:40 PM

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Wall St. set to open lower after weak China data

Wall Street was set to open sharply lower on Tuesday after weak data from China heightened fears of a slowdown in the world's second-largest economy.

Data showed that China's manufacturing sector shrank at its fastest pace in three years. The services sector, which has been one of the lone bright spots in the country's economy, also showed signs of cooling.

Also read: China to boost non-fossil fuel use to 20 percent by 2030: state planner

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