Investors’ concerns over China’s economic slowdown and a souring view of emerging economies have rattled financial markets around the world in recent days, and showed no signs of letting up.
As the stock markets opened in the United States, the Standard & Poor’s 500-stock index and the Dow Jones industrial average plunged more than 5 percent. The Nasdaq was down more than 8 percent.
In China, the benchmark Shanghai composite index closed 8.5 percent lower, erasing all of the gains it had made in an extraordinary run-up this year. And in Europe, stocks fell sharply, with the main indexes down by 4 percent or more in the early afternoon. » | David Jolly and Neil Gough | Monday, August 23, 2015
