Chinese slowdown hits global stock market

Chinese slowdown hits global stock market

Worrying news from China on Wednesday suggesting a slowdown in manufacturing has already made a worldwide impact on stocks and shares worldwide. London, Frankfurt and Paris all closed down 2% and in Asia, Japan closed down 7% having slipped to a low of 10% at one point.

The Chinese slowdown is compounded by fears on the market that the period Quantitative Easing in the US – currently pumping federal money into the system to prop up the economy – is likely to be scaled back fairly soon and this will create further uncertainty.

Traders don’t appear to be too worried about the drop today though and actually expected a correction after a recent period of rising markets.

via BBC Business News

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