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Premarket: Markets face further lows as Chinese stocks plunge Add to ...

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U.S. and Canadian stock markets appear set for another disturbing selloff to start the week, as a plunge in Chinese equities overnight has intensified concerns about one of the world's key economic growth drivers.

Despite a lack of fresh economic news and major central bank speeches scheduled, it should be another nerve-wracking day for investors. Futures suggest the Wall Street and Bay Street major indexes could be looking at declines of close to 1 per cent when they open. And continuing this month's unsettling trend for many Canadian investors, income-producing securities such as real estate investment trusts, dividend stocks and bonds will continue under considerable pressure, as the 10-year U.S. Treasury yield hit its highest level in nearly two years early this morning.

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