MIDEAST STOCKS-Region hit by global sell-off, Saudi-Iran tensions | Reuters:
"Most Middle East stock markets tumbled on Monday in a global sell-off triggered by China, while growing tensions between Saudi Arabia and Iran added to the gloom.
Chinese stocks slumped by 7 percent after weak manufacturing data, causing emerging markets in general to suffer their biggest fall in four months.
"The broad market sell-off is part of the general weakness in global equity markets," said Muhammad Shabbir, head of equity funds at Dubai-based Rasmala Investment Bank."
'via Blog this'
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