TOKYO -- Total global stock market value has fallen below $100 trillion for the first time in nearly four months amid rising U.S. interest rates and an uncertain economic outlook in China, sending luxury brand and tech stocks tumbling.
Markets
Global market cap drops under $100tn on China jitters, rising rates
LVMH, Siemens and ASML tumble on worries about consumer, corporate spending
Economic uncertainty in China has raised concern over sales at luxury brands like Louis Vuitton, pushing their stock prices lower. © Reuters
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