Today is one of the worse days in stock-market history. Markets have seen a global sell-offs fuelled by a negative frenzy in Chinese stocks. Hundreds of billions have been wiped off world’s financial markets today, as Chinese rout sends shares tumbling in Europe, Asia and the USA. There’s fears that a slowing Chinese economy could affect the whole world. After all, when the elephant sneezes, the mouse catches a cold.
China has been a major contributor to economic growth and low global inflation for more than two decades. But tonight, investors around the globe are catching their breath after one of the worst day’s trading in many years. They’re now pondering whether today marks the start of a new and alarming phase of the crisis which began some eight years ago.
Slumping stock markets might put a break on interest rate hikes. Today, more than ever before, real estate is perceived as a safe haven for investments.
