Basic Materials Shares, ETFs Led Losses After China’s Report Thursday
September 23, 2011 at 12:48 PM EDT
Basic materials shares and exchange traded funds (ETFs) took a dive on Thursday, as a preliminary gauge of China’s manufacturing report indicated a slower growth rate. The Market Vectors Steel Index Fund (NYSEArca: SLX) plunged almost 9% on Thursday due to the negative global market...