Wall St. suffers worst day in four years, S&P confirms correction
Investors rattled about China sent U.S. stock indices almost 4-percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple.
Asian shares move off 3-year lows while China’s suffering goes on
Volatile global markets showed tentative signs of a respite from the recent blood-letting on Tuesday as bargain hunters helped Asian stocks off three-year lows, though share markets in China, epicentre of the rout, suffered another big sell-off.
Doomsday clock for global market crash strikes one minute to midnight as central banks lose control
When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.
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