dow jones crashed over 1000 points at opening today

Author Topic: dow jones crashed over 1000 points at opening today  (Read 718 times)

http://www.independent.co.uk/news/business/news/black-monday-live-former-us-treasury-secretary-larry-summers-very-serious-situation-10469651.html

http://www.rt.com/business/313180-china-market-crash-monday/

Quote from: rt
The Shanghai composite has closed down 8.5 percent in a brutal selloff, as Beijing’s measures have failed to ease investor concerns about the slowdown of the world's second-largest economy.

Japan's Nikkei has closed 4.61 percent down. Hong Kong's Hang Seng is 5.17 percent in deficit. Mumbai's Senlove is down over 4 percent.

The ripple effects are being felt on the European markets.

London's FTSE is down 2.71 percent in early trading. Germany’s DAX is losing 2.66 percent, sliding below the 10,000-point mark for the first time since January, as of 09:23 GMT.

READ MORE: Global markets enter correction on China fears

The European stock markets have continued last week’s negative trend, when 13 out of 18 Western European markets lost 10 percent or more, with Germany’s DAX down 18 percent. London's FTSE 100 Index suffered its biggest weekly drop in 2015, slumping 5.2 percent.

Commodities are down across the board with Brent crude trading below $44 per barrel, which is a six-and-a-half-year low.

READ MORE: WTI crude drops below $40 first time since 2009

On Friday, the US WTI crude benchmark dropped below $40 per barrel in an eighth straight weekly decline, the longest falling streak in almost 30 years.

The Russian ruble has fallen to its lowest level since February against major currencies, dragged down by both weak oil and Chinese stocks. The ruble was trading at over 71 rubles against the US dollar and 81.78 rubles against the euro as of 09:25 GMT.

best recovery ever

best recovery ever
I came here to laugh at one of my "friends" who had money invested in the stock market, but instead I have to laugh at you Kearn. :P

Getting real tired of your stuff China.