TOKYO -- Stocks tied closely to the Chinese market are falling across the world, as Beijing's efforts to spur consumer spending fall short while concerns of a renewed global trade war mount.
Shares in Volkswagen had dropped 27% this year as of Monday amid growing competition from electric vehicles in China. Sales in the world's biggest auto market fell 15% by volume on the year in the July-September quarter. The company has downgraded its full-year 2024 forecast twice and is considering shutting a German plant for the first time.
