LONDON — Concerns over the Chinese economy and the ongoing tensions in Ukraine continued to drive stock markets around the world lower Friday.
The twin worries have had a firm grip over financial markets all week, especially as there’s been a relative dearth of market-moving economic news in the U.S.
(HONG KONG) — Most Asian stock markets rose Friday after a strong expansion in U.S. manufacturing offset pessimism from a downbeat China factory report. The private survey by Markit found U.S. factory activity this month grew at the fastest pace in nearly four years. The report helped investors shrug off earlier concerns about China after a separate report found manufacturing in the world’s second-biggest economy contracted for a second straight month in February.