World stocks on course for biggest fall of the year

Business & Finance
6 Jul 2023 • 11:08 PM MYT
Malay Mail
Malay Mail

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LONDON, July 6 —World stocks were set for their biggest daily fall on the year today after strong US jobs market data bolstered bets of another round of global interest-rate hikes.

MSCI's All-Country World Index (ACWI), which benchmarks equities across 47 countries, was down 1.5 per cent after Wall Street opened lower following earlier falls in both European and Asian markets. — Reuters

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