MIDEAST STOCKS-Gulf weak as China worries sets tone for risk-averse trade | Reuters

MIDEAST STOCKS-Gulf weak as China worries sets tone for risk-averse trade | Reuters:

"Gulf bourses extended losses on Monday ahead of the corporate earnings season and as fears over a China slowdown set the tone for risk-averse trading.

Asian shares sank to their lowest in over four years because of mounting doubts about Beijing's ability to manage the world's second-biggest economy. China's main indexes slumped more than 3 percent at one point.

Worries over a slowdown in Beijing soured Gulf market sentiment. Dubai's bourse slid 1.1 percent as initial gains fizzled out. Emaar Properties fell 2.3 percent."



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