Bloomberg: Global Stocks Tumble Following Shanghai's 7% Crash
* S&P 500 falls more than 2 percent to join global rout
* Brent rallies on Middle Eastern tension as Bahrain joins fray
Financial markets are starting 2016 on a bleak note and China is at the center of it.
Stocks crumbled around the world, with global equities heading for the worst opening day of trading in at least three decades. Emerging markets slid the most since August and the Dow Jones Industrial Average sank more than 350 points, as slowing manufacturing triggered a selloff that halted trading in Shanghai. Adding to the turmoil, Saudi Arabia and Bahrain cut ties with Iran, sending Gulf stocks lower and pushing Brent crude higher. Bonds jumped and the yen rallied on demand for haven assets.
WNU Editor: Zero Hedge's summary on what has happened sums it up .... Happy New Year: Global Stocks Crash After China Is Halted Limit Down In Worst Start To Year In History (Zero Hedge)
More News On Today's Stock market Plunge
Global Markets Tumble After China Selloff – Live Blog -- WSJ
China sell-off leads to a poor start for world stocks in 2016 -- Reuters
China's Seven-Minute Selling Frenzy That Shook Global Markets -- Bloomberg
China rout spooks Wall Street -- Reuters
7 Percent Drop Forces Chinese Stock Markets To Close Early On 2016 Debut -- NPR
Chinese Markets Halt Trading After Shares Plunge -- NBC
China stocks rout on first market day of 2016 trips national trading halt -- Reuters
Stocks plunge as Dow tumbles more than 400; Chinese stocks drop 7% -- USA Today
China Market Plunge Has Investors Wondering About More Turmoil -- WSJ
World Stock Markets Reel From China, Saudi Shocks -- Fortune
Dow dives 400 points -- CNN
U.S. stocks plunge in first morning of 2016 trading -- AP
China's Circuit Breaker Gets Tested, But Is Market Really Falling Off A Cliff? -- Kenneth Rapoza, Forbes
No comments:
Post a Comment