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US markets suffer sharpest drop since mid-May in losses sparked by China refusal to bail out indebted property developer

The Independent
 26 days ago

Cover picture for the articleWall Street has suffered its sharpest drop since May as the S&P 500 fell 1.7 per cent, and the Dow Jones Industrial Average closed down 614 points, or 1.8 per cent. The tech-focused Nasdaq also fell 2.2 per cent in a wild day of trading sparked by a number of emerging risks, including the prospect that one of China’s largest property developers may default on hundreds of billions of dollars of debt.

Comments / 66

Mike Brick
26d ago

China never should have any companies in the stock market. They could easily shut down all there companies and put them under government control. called communism. This would destroy world markets.

26d ago

Evergrande is going to fail and bring down the Chinese economy along with Bitcoin and other Chinese market investments …Its Chinas Lehman brothers

Aron Pall
26d ago

hmmmm....under the Trump administration, we had the largest ever deficit, stock market crashes, and China finally had a dominant stock market. and now you trumpets want to blame a guy who worked with the only president to ever fix such a world deficit. wow. patriotic you are....not


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