Concerns grow over rising inflation and possible contagion in China’s property market from debt-stricken developer Evergrande
Global financial markets have fallen sharply amid concern over rising inflation and the threat of contagion in China’s property sector from the debt-stricken developer Evergrande, despite a boost from the relaxation of US travel rules.
Markets around the world came under selling pressure, with the FTSE 100 in the UK slumping by 60 points, or 0.9%, to 6,903.