Here's the state of play after one of the most dramatic 24 hours on global financial markets in years.
The blood-letting in stocks continued into the Asian trading day. Here's where markets were at shortly before 4pm Sydney time:
- ASX 200: 5,797.00, -229.20 (-3.80%)
- Nikkei 225: 21,181.00, -1501.08 (-6.62%)
- Shanghai Composite: 3,412.55, -74.95 (-2.15%)
- Dow Futures: 23,251.0 -687.0 (-2.87%)
Remember, US equities have been on the biggest bull run in history. This pullback means the S&P500 is now at the level it was at in early December, so long-term investors are still well ahead. Strong markets should have healthy pullbacks, so seasoned observers aren't panicking.
See the rest of the story at Business Insider
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