Market report: Fears of US rate hikes hit global stocks

The Telegraph -

The Telegraph—Wall Street is on its longest losing streak since Donald Trump’s election after rate-rise fears threatened to spark a rerun of February’s global stocks rout.

World stock markets dive as Trump attacks 'crazy' US rate hikes. President adds to borrowing costs concern as China tension fuels febrile market mood A jittery, volatile week on global financial markets has burst into a frenzy of selling, triggered by heavy losses on Wall Street and comments by Donald Trump describing US interest rate hikes as “crazy”. The Nikkei index in Tokyo fell by almost 4% on Thursday, while in Hong Kong the index was down 3.25% and Shanghai was off 2.5% and at their lowest mark for four years. Continue reading...