MIDEAST STOCKS-China fears weigh on Saudi, Egypt bourses | Reuters:
"Saudi Arabian stocks quickly gave up initial gains and Egypt's fell in early trade on Tuesday, as global equities came under pressure from weak Chinese manufacturing data.
Asian and European stock markets dropped after data showed China's manufacturing activity had slowed the most in three years in August, reinforcing fears of a greater slowdown in the world's second-largest economy despite a flurry of government support measures.
The main Saudi stock index rose as much as 1.0 percent in the opening minutes, reacting to oil's overnight surge, but then trimmed its gains to 0.2 percent."
'via Blog this'
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