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Markets plunge; China angst; Trump and the shutdown

Jan 02, 2019 - CNN

LONDON (CNN Business) -- 1. Markets tumble: Weak economic data out of China has spoiled any hopes of a New Year rally for stocks.

Global markets suffered steep declines on Wednesday after new data suggested that China's vast manufacturing sector contracted in December.

Hong Kong's Hang Seng plunged 2.8% and the Shanghai Composite fell 1.2%. In Europe, Paris' CAC 40 declined 2% while Frankfurt's DAX and London's FTSE 100 shed more than 1%.

US stock futures were sharply lower. ...