Stock Markets Around The World Plummeted

356 words - 2 pages

Stock markets around the world plummeted on Thursday, signaling that investors have not gotten over the shock of China’s devaluation last week and remain nervous about the health of the global economy.

The selling began in Asia, punishing Chinese stocks once again. It then moved to Europe, walloping markets in Germany and Italy, and ended with a rush for the exits in the United States.

Along the way, the price of oil traded near six-year lows and currencies of developing countries suffered further pain. ...view middle of the document...

14, 2015
Workers in Tiananmen Square on Friday in Beijing preparing the area for a large military parade on Sept. 3 to commemorate the 70th anniversary of the end of World War II. The devaluation of the renminbi should give a boost to Chinese exporters.China’s Currency Stabilizes After 3-Day SlideAUG. 14, 2015
The devaluation of the renminbi, nearly 2 percent against the dollar, may help revive the Chinese economy.Global Selling Shows Concerns About China’s WeaknessAUG. 11, 2015
“It was a bad day — everything came together,” said Howard Silverblatt, senior index analyst at S.&P. Dow Jones Indices. Mr. Silverblatt noted that the stocks of 76 companies in the S.&P. 500 were down at least 20 percent so far this year, a decline that officially puts them in a bear market. He added that 45 companies were up at least 20 percent.

Continue reading the main story
The Dow Minute by Minute
Position of the Dow Jones industrial average at 1-minute intervals on Thursday.

17,400
17,300
Previous close
17,348.73
17,200
17,100
17,000
10 a.m.
Noon
2 p.m.
4 p.m.
Source:Reuters
By The New York Times
After several years of strong gains, the United States stock markets have

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