The US' three major equity markets dropped overnight after a bomb blast at the Boston Marathon shook markets and weak data from China continued to weigh on stocks.
Three people were killed and many injured in two explosions close to the finish line of the marathon, in an act of suspected terrorism which has shocked the US. The S&P 500 ended the session 2.3% lower at 1,552, having hit a record high last week, while the Dow suffered its worst day of the year to shed 1.8%, and the Nasdaq closed 2.4% lower. Asian markets continued their slide, with the Nikkei 225 falling 0.41% to 13,221 and the Shanghai Composite down 1.13% to 2,182. The FTSE 100 lost 0.64% to close of 6,343. Oil prices dropped in Asia, with US light crude down by 1.9%, and Br...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes