2016

2016

Thursday, January 7, 2016

China sends 2nd panic wave into global markets

"It all began on Thursday in a flash.
Chinese stocks traded for less than 30 minutes, slumping 7 percent before triggering the second
emergency market closure this week and generating talk of a crisis.
In Europe, the FTSE 100 index fell 2.5 percent in early London trading, while Germany’s Dax index slipped 3.5 percent.
In the United States, stocks fell more than 2 percent. The Dow Jones industrial average, which tracks 30 blue-chip stocks, and the Standard & Poor’s 500, a broader measure of the market, were both down about 2.3 percent. The tech-heavy Nasdaq suffered the deepest losses, falling 3 percent." WP

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