/news/business/why-the-stock-market-is-so-turbulent/eventshow/48666012.cms01
Last week, global financial markets were churning, but it really only mattered if you were an oil trader, Chinese bureaucrat or hedge fund manager - Photogallery
Last week, global financial markets were churning, but it really only mattered if you were an oil trader, Chinese bureaucrat or hedge fund manager. (BCCL)See more of :
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Last week, global financial markets were churning, but it really only mattered if you were an oil trader, Chinese bureaucrat or hedge fund manager. (BCCL) /news/business/why-the-stock-market-is-so-turbulent/now-its-starting-to-get-scary-for-everyone-/eventshow/48666018.cms02
Now it's starting to get scary for everyone.
Now it's starting to get scary for everyone. An 8.5 per cent drop in the Shanghai Composite index in Monday's trading session spread to financial markets across the world. In the United States, the broad Standard & Poor's 500 index was down 2.5 per cent in Monday morning trading, after steeper declines in Asian and European stock markets, falling prices for oil and other commodities, and a rush of money into the safety of US Treasury bonds. (PTI)See more of :
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Now it's starting to get scary for everyone. An 8.5 per cent drop in the Shanghai Composite index in Monday's trading session spread to financial markets across the world. In the United States, the broad Standard & Poor's 500 index was down 2.5 per cent in Monday morning trading, after steeper declines in Asian and European stock markets, falling prices for oil and other commodities, and a rush of money into the safety of US Treasury bonds. (PTI) /news/business/why-the-stock-market-is-so-turbulent/whats-fascinating-is-that-there-is-no-clear/eventshow/48666015.cms03
What's fascinating is that there is no clear
What's fascinating is that there is no clear, simple story about what is different about the outlook for US and European corporate profits; interest rates; or economic growth compared with one week ago, when the S&P 500 was 8 per cent higher. (BCCL)See more of :
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What's fascinating is that there is no clear, simple story about what is different about the outlook for US and European corporate profits; interest rates; or economic growth compared with one week ago, when the S&P 500 was 8 per cent higher. (BCCL) /news/business/why-the-stock-market-is-so-turbulent/heres-how-to-make-sense-of-what-is-a-truly-global-story/eventshow/48666017.cms04
Here's how to make sense of what is a truly global story, stretching from the streets of Shanghai, where stock investing has become a middle class sport in recent years, to the oil fields of both the Middle East and Middle America, to the hallways of power in the Federal Reserve in Washington - Photogallery
Here's how to make sense of what is a truly global story, stretching from the streets of Shanghai, where stock investing has become a middle class sport in recent years, to the oil fields of both the Middle East and Middle America, to the hallways of power in the Federal Reserve in Washington. (BCCL)See more of :
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Here's how to make sense of what is a truly global story, stretching from the streets of Shanghai, where stock investing has become a middle class sport in recent years, to the oil fields of both the Middle East and Middle America, to the hallways of power in the Federal Reserve in Washington. (BCCL) /news/business/why-the-stock-market-is-so-turbulent/the-immediate-trigger-to-the-outburst-of-global-volatility-was-china/eventshow/48666016.cms05
The immediate trigger to the outburst of global volatility was China
The immediate trigger to the outburst of global volatility was China, where the sharp drop in stocks Monday continued a rout that has been underway - with periodic pauses thanks to government interventions - all summer. (PTI)See more of :
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The immediate trigger to the outburst of global volatility was China, where the sharp drop in stocks Monday continued a rout that has been underway - with periodic pauses thanks to government interventions - all summer. (PTI) /news/business/why-the-stock-market-is-so-turbulent/the-chinese-economy-is-slowing/eventshow/48666014.cms06
The Chinese economy is slowing,
The Chinese economy is slowing, and the 38 per cent drop in the Shanghai Composite Index since June 12 is indeed a huge number. There is no question that this giant economy is struggling with a transition from the investment-and-export-led boom of the last generation toward something more sustainable. (BCCL)See more of :
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The Chinese economy is slowing, and the 38 per cent drop in the Shanghai Composite Index since June 12 is indeed a huge number. There is no question that this giant economy is struggling with a transition from the investment-and-export-led boom of the last generation toward something more sustainable. (BCCL) /news/business/why-the-stock-market-is-so-turbulent/but-a-few-facts-make-chinas-problems-less-satisfying/eventshow/48666019.cms07
But a few facts make China's problems less satisfying
But a few facts make China's problems less satisfying as an explanation for the turmoil across world markets. The Chinese stock market has risen sharply over the past year as millions of middle-class Chinese citizens took to making investments. Even after its steep drop this summer, the Shanghai index is down less than 1 per cent for the year and still up 43 per cent from one year ago. (PTI)See more of :
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But a few facts make China's problems less satisfying as an explanation for the turmoil across world markets. The Chinese stock market has risen sharply over the past year as millions of middle-class Chinese citizens took to making investments. Even after its steep drop this summer, the Shanghai index is down less than 1 per cent for the year and still up 43 per cent from one year ago. (PTI) /news/business/why-the-stock-market-is-so-turbulent/there-may-be-a-more-complex-story-for-why-a-sharp-drop/eventshow/48666011.cms08
There may be a more complex story for why a sharp drop
There may be a more complex story for why a sharp drop in the Chinese market should cause bigger ripples in the global economy than the sharp gain over the six months that preceded it. The fact that the Chinese government has pulled out unprecedented steps to try to contain the stock market sell-off, to little avail, may suggest limitations on the power of even the mighty Chinese state. (BCCL)See more of :
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There may be a more complex story for why a sharp drop in the Chinese market should cause bigger ripples in the global economy than the sharp gain over the six months that preceded it. The fact that the Chinese government has pulled out unprecedented steps to try to contain the stock market sell-off, to little avail, may suggest limitations on the power of even the mighty Chinese state. (BCCL) /news/business/why-the-stock-market-is-so-turbulent/in-other-words-the-sell-off-in-chinese-stocks/eventshow/48666007.cms09
In other words, the sell-off in Chinese stocks
In other words, the sell-off in Chinese stocks may not matter much in isolation. But it tells us much about the inability of Chinese leaders to bring its economy in for a soft landing. And that is something scarier. (BCCL)See more of :
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In other words, the sell-off in Chinese stocks may not matter much in isolation. But it tells us much about the inability of Chinese leaders to bring its economy in for a soft landing. And that is something scarier. (BCCL) /news/business/why-the-stock-market-is-so-turbulent/some-of-the-key-evidence-for-the-this-is-about-more-than-china-story/eventshow/48666013.cms10
Some of the key evidence for the "this is about more than China" story
Some of the key evidence for the "this is about more than China" story come from other emerging markets, stretching from Malaysia to Mexico, that are also taking it on the chin. Their currencies and stock and bond prices have fallen sharply over the past week. Some of that most likely reflects exposure to the Chinese economy. But some of it reflects something bigger. See more of :
SensexSensex
Some of the key evidence for the "this is about more than China" story come from other emerging markets, stretching from Malaysia to Mexico, that are also taking it on the chin. Their currencies and stock and bond prices have fallen sharply over the past week. Some of that most likely reflects exposure to the Chinese economy. But some of it reflects something bigger. 
