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Markets gripped by Covid, China, Fed’s tapering concerns Bank & Insurance By Jacky Last updated Aug 20, 2021 Share (Bloomberg) — Iron ore, luxury stocks, and the dollar are all sending the same message across the markets: investors are getting uneasy. That fear was evident on Thursday as global markets shuddered amid concerns about the Chinese economy, Covid and the unwinding of the Federal Reserve’s stimulus measures. While the pain was sharpest in commodities and cyclical stocks, even defensive technology stocks collapsed. What if the Fed can’t scale down, let alone increase? This market is connected to the story,” said...
