Dow Jones

Reeling world stock markets took another blow on Friday when Chinese shares sank 4 percent, as concern about rising borrowing costs and soaring volatility put them on course for their worst week since the height of the euro zone crisis.

Borrowing costs in southern Europe shot up on Friday and stock markets in Milan and Madrid tumbled on a no-confidence motion mooted against Spain’s prime minister.

Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.

The S&P 500 and Dow Jones Industrial Average touched near three-week lows on Tuesday due to a deepening political crisis in Italy.