Markets wobble over global economic concerns

Shares slide as investors increasingly seek safety

US stocks sank last week, as concern about everything from China to oil and interest rates spurred strategists to lower their year-end projections for equities Pic: Getty

Signs of distress in financial markets accumulated amid deepening concern over the health of the global economy, sending the Dow Jones Industrial Average 350 points lower.

The Standard & Poor’s 500 Index headed for the worst two-day drop since August, as US shares joined a retreat in European and emerging-market stocks. Investors sought the safest assets, sending yields on Treasury 10-year notes to the lowest level in a year, and those on Germany’s ...