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更新时间:2015-8-22 8:07:03 来源:纽约时报中文网 作者:佚名

Big Slump for the Market as Concerns Over China Increase

The U.S. stock market endured its worst performance in 18 months on Thursday, driven lower by another slump in Chinese shares and heavy selling by technical traders.


The global rout started in China, where sharp declines in energy and property stocks pushed the Shanghai Composite down more than 3 percent. That selling soon spread to European and U.S. markets, where the Standard & Poor’s 500-stock index moved further below a closely watched trading level.


Investors, facing screens full of red, retreated to their usual places of safety: bonds, gold and cash.


“The emerging markets really got slammed overnight and that quickly spread to the rest of the world,” said J.J. Kinahan, chief strategist at TD Ameritrade.

“新兴市场一夜之间遭受重创,跌势迅速蔓延到全球各地,”零售经纪商TD Ameritrade的首席策略师J·J·基纳汉(J.J. Kinahan)说。

The Dow plunged 358.04 points, or 2.1 percent, to 16,990.69. The S.&P. 500 lost 43.88 points, or 2.1 percent, to 2,035.73, and the Nasdaq lost 141.56 points, or 2.8 percent, to 4,877.49.


It was the biggest percentage decline for the Dow and S.&P. 500 since February 2014. The blue-chip Dow is now at its lowest level since October 2014.


Buyers of stocks were few and far between. Selling outweighed buying by a ratio of more than eight to one in heavy trading. Still, even with the steep sell-off, the S.&P. 500 is down just 4.5 percent from its record close of 2,130.82 on May 21.


As the selling picked up, investors moved money to traditional havens in times of uncertainty.


Gold rose $25.30, or 2.2 percent, to $1,153.20 an ounce, the metal’s best day since April. Demand for ultrasafe U.S. government bonds rose, pulling down the yield on the benchmark 10-year Treasury note to 2.07 percent from 2.13 late Wednesday.


Worries over China, the world’s second-largest economy, spurred Thursday’s losses. The Shanghai Composite Index dropped 3.4 percent. Chinese shares have had a wild ride this week and that has raised uncertainty about Beijing’s ability to stabilize the market and its surprising devaluation of its currency.


That devaluation has caused other countries to devalue their own currencies, notably the oil-rich country of Kazakhstan and the Southeast Asian manufacturing center of Vietnam.


Strategists and traders, noting the lack of major U.S. economic news on Thursday, said the heavy selling of stocks was very likely tied to programmed selling after the S.&P. 500 moved below one of the most closely watched indicators, its 200-day moving average.


While many investors pick and choose stocks based on a company’s business outlook, there is an entirely different class of trader who relies on such technical indicators to make investment decisions.


“I see this drop as likely because we crossed the 200-day moving average, and that’s causing us to have further selling,” said Scott Wren, chief global equity strategist at the Wells Fargo Investment Institute.

“我觉得这次下跌可能是因为我们跌破200天均线,这促使我们抛售更多股票,”富国银行投资机构(Wells Fargo Investment Institute)首席全球股票策略师斯科特·雷恩(Scott Wren)说。

Media stocks were hit particularly hard. Walt Disney shares fell $6.43, or 6 percent, to $100.02. Analysts are concerned that viewers are choosing to move away from cable, which could hurt lucrative Disney properties such as ESPN.

媒体公司股票尤其遭受重创。华特·迪士尼公司(Walt Disney)的股票下跌6.43美元或6%,降至100.02美元。分析师担心观众正在放弃有线电视,这会危及ESPN等迪士尼旗下利润丰厚的公司。

Viacom, owner of CBS, fell 6 percent as well and Twenty-First Century Fox fell 4 percent.

CBS母公司维亚康姆(Viacom)的股票也下跌了6%,21世纪福克斯(Twenty-First Century Fox)下跌了4%。

The price of benchmark U.S. oil rose slightly but remains near its low point of March 2009. U.S. crude rose 34 cents to $41.14 in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell 54 cents to $46.62 in London.

美国石油基准价小幅回升,但仍接近2009年3月的最低价。在纽约,美国原油的价格上涨34美分,达到41.14美元。在伦敦,很多美国炼油厂使用的国际石油基准布伦特原油(Brent Crude)下跌54美分,降至46.62美元。

In other futures trading, wholesale gasoline fell 2.4 cents to close at $1.535 a gallon. Heating oil fell 2.2 cents to close at $1.496 a gallon. Natural gas rose 3.9 cents to close at $2.755 per 1,000 cubic feet.


In metals, silver rose 34 cents to $15.52 an ounce and copper rose 4 cents to $2.32 a pound.