Monday, 14 September 2015

MIDEAST STOCKS-Gulf markets fall, tracking oil, China | Reuters

MIDEAST STOCKS-Gulf markets fall, tracking oil, China | Reuters:



"Gulf stock markets fell early on Monday after oil prices fell again and Chinese equities dropped on poor economic data.

Brent crude was down 0.6 percent at $47.83 per barrel by 0543 GMT, while China's CSI300 index and Shanghai Composite Index fell about 3 percent after growth in investment and factory output missed forecasts in August.

China is one of the main destinations for exports from the Gulf, both of crude oil and products such as petrochemicals, and its weakness may hurt economies in the region."



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