U.S. Stock Market Holds Steady China Concerns

Shanghai Stocks Suffer Worst Drop Since Early COVID but Wall St. Holds Firm

Shanghai stocks plummeted 6.6 percent on Wednesday, marking their worst single-day drop since February 2020. The steep decline came as investors grew frustrated with the Chinese government’s failure to deliver more robust economic stimulus. Shanghai Composite’s fall, compounded by an 8.6 percent slump in Shenzhen stocks, followed a brief surge earlier in the week driven…

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