Stock markets in Asia, Europe and the US have fallen sharply amid continuing fears over China's economic stability...
The FTSE100 index in London was down more than 5 per cent in afternoon trading, with the DAX and CAC40 falling between 5 and 6 per cent.
Wall Street has opened lower, as China's 'black Monday' spreads around the global markets.
Investors are desperate for a sign of reassurance from officials in China as to how they will shore up its economy.
Jamil Anderlini is from the Financial Times...
IN: What we're seeing...
OUT: ...more difficult.
DUR: 22"
http://www.fsnradionews.com/feeds/0824markets-anderlini-1.mp3
ALT
Wang Tao is the Chief China Economist of UBS and told the Financial Times a mixture of the Federal Reserves decision on interest rates and emerging markets expending their credit along with China's slowdown is creating this sell-off...
IN: So it's all...
OUT: ...equity market.
DUR: 14"
http://www.fsnradionews.com/feeds/0824markets-tao-1.mp3
The FTSE100 index in London was down more than 5 per cent in afternoon trading, with the DAX and CAC40 falling between 5 and 6 per cent.
Wall Street has opened lower, as China's 'black Monday' spreads around the global markets.
Investors are desperate for a sign of reassurance from officials in China as to how they will shore up its economy.
Jamil Anderlini is from the Financial Times...
IN: What we're seeing...
OUT: ...more difficult.
DUR: 22"
http://www.fsnradionews.com/feeds/0824markets-anderlini-1.mp3
ALT
Wang Tao is the Chief China Economist of UBS and told the Financial Times a mixture of the Federal Reserves decision on interest rates and emerging markets expending their credit along with China's slowdown is creating this sell-off...
IN: So it's all...
OUT: ...equity market.
DUR: 14"
http://www.fsnradionews.com/feeds/0824markets-tao-1.mp3