Global stock markets plunge on interest rate hike fears
real estate sector tumbled 4.2%. Britain’s FTSE 100 fell 2.2% at 7,280.50. Germany’s DAX dropped 2.6% at 15,528.54. France’s CAC 40 tanked 3.1% at 7,082.29. In Asia, stock markets fell on Thursday, led by Hong Kong shares. Hong Kong’s Hang Seng index slumped 3% at 18,533.05. China’s Shanghai Composite lost 0.5% at 3,205.57.
Japan’s Nikkei 225 dipped 1.7% at 32,773.02. Australia’s S&P/ASX 200 index ended 1.2% lower at 7,163.4 points. New Zealand's benchmark S&P/NZX 50 index closed 0.4% lower at 11,959.330 points.
Brent crude for September delivery fell 13 cents to $76.52 a barrel on Thursday. US crude oil benchmark for August delivery rose 1 cent to $71.80 a barrel. Natural gas for August delivery fell 5 cents to $2.61 per 1,000 cubic feet.
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