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Global markets fall sharply despite boost from US plan to relax Covid travel

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.

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Read the original article at The Guardian

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