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Wall Street opens lower on China, North Korea worries

Dow Jones industrial average fell 159.84 points, or 0.93%, to 16,998.82

A Wall St. sign is seen outside the entrance of the New York Stock Exchange in New York's financial district

A Wall St. sign is seen outside the entrance of the New York Stock Exchange in New York's financial district

Reuters

US stocks opened sharply lower on Wednesday after China allowed its currency to weaken further and oil prices slid to their lowest in more than 11 years.

Geopolitical concerns were also heightened after North Korea said it had tested a hydrogen bomb and Saudi Arabia cut ties with Iran.

The Dow Jones industrial average fell 159.84 points, or 0.93%, to 16,998.82, the S&P 500 19.19 points, or 0.95%, to 1,997.52 and the Nasdaq Composite 73.90 points, or 1.51%, to 4,817.53.

 

 

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First Published: Jan 06 2016 | 8:04 PM IST

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