US and European stocks followed Asia’s bourses lower on Thursday after China’s CSI 300 index recorded its worst day since February.
On Wall Street, the S&P 500 retreated 0.7 per cent following two straight days of gains. The tech-weighted Nasdaq Composite lost 1.4 per cent.
US retail sales figures beat expectations, but unemployment data, released before the opening bell, showed the number of Americans applying for new jobless benefits was around 1.3m last week.
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