BUSINESS

US Stocks Suffer Worst Week In A Decade

US stocks suffered one of the worst weekly falls in a decade as trade tensions with China, interest rate rises and a government shutdown rattled markets.

All three indexes closed lower, with the technology-focused Nasdaq down 20% since its peak, placing it in so-called "bear market" territory.

The Dow Jones industrial average recorded its biggest weekly drop in percentage terms since 2008.

It is the biggest weekly percentage drop since august 2011 while the Nasdaq's 8.36% decline is the sharpest since november 2008.

After years of gains, US investors are fleeing stocks, worried about a range of factors likely to hit corporate profits, including slowing economic growth domestically and abroad.