World stocks plummet on China woe

[flintlock]

Definitely wasn't pretty today.

Global stock markets have slumped, with the US Dow Jones index plummeting by more than 400 points
and London's FTSE 100 index also posting sharp losses. The sell-off was sparked by a near-9% slide on the Shanghai Composite Index,
as investors worried that China may pass rules to limit demand for stocks.
Article:
http://news.bbc.co.uk/2/hi/business/6400789.stm

[ASWnut101]

:o Damn! That's the biggest drop of the year, if not in ten years! Sucks really bad for the poor guy whose got a fortune in a DOW company.:o :o :o :o

P.S. When I first read the quote, I thought it said "...lost more than 400 million points..."

[waste gate]

For the savy tomorrow will be a day full of discounted stocks and great opportunity.

[CptSimFreak]

""near-9% slide on the Shanghai Composite Index""

What does that mean? Shanghai lost 9% today?

[ASWnut101]

It means alot of people lost ALOT of money. It pretty much does mean it lost 9%, though.:yep:

[flintlock]

It essentially means that overall price of stocks listed on the SSE from various perspectives ended the trading day 9% lower than the previous day's close. Good for bargin hunters, though this ugly trend may just be gaining steam, and its snowball effect onto other world markets is scary.

[ASWnut101]

It essentially means that overall price of stocks listed on the SSE from various perspectives ended the trading day 9% lower than the previous day's close.

What he said.:)

[bookworm_020]

China sneeze's, the world catches a cold.:dead:

[flintlock]

<img deleted>

[fatty]

:o Damn! That's the biggest drop of the year, if not in ten years!]

I think 9/11 holds the record for the DJIA biggest one-day drop at 685 points.

Still, this is quite a hefty drop. Even more impressive to me because of the fact that it started with an overseas country's domestic policies.

你们必须学会讲中文。

[flintlock]

Steep dip as Asian markets open:

Asian stock markets have opened sharply lower after the biggest drop in Chinese stocks in a decade triggered a steep slide in global markets.
Article:
http://news.bbc.co.uk/2/hi/business/6402915.stm

[RickC Sniper]

http://www.msnbc.msn.com/id/17368579/

Alan Greenspan's comments sure didn't help. His opinions apparently are still pretty weighty.

[SUBMAN1]

China sneeze's, the world catches a cold.:dead:

There were multiple reasons for this drop, and any stock market that goes down in almost any country, from Europe to even Canada will affect the rest of the world - including the US. Like it or not, our world is a global economy.

-S

[STEED]

Blast you China. :damn:

[ASWnut101]

:o Damn! That's the biggest drop of the year, if not in ten years!]

I think 9/11 holds the record for the DJIA biggest one-day drop at 685 points.

Still, this is quite a hefty drop. Even more impressive to me because of the fact that it started with an overseas country's domestic policies.

你们必须学会讲中文。

Just got done reading about that part, never remembered it.