China's Black Tuesday Darkens World Markets
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Dow drops as much as 500 points following 9% slide in Shanghai.
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SHANGHAI, China -- Chinese stocks tumbled Thursday on waning confidence in the bull market amid worries about government steps to cool the market and that a slew of new share listings might drive prices lower.
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In China, the stock market dominos could fall. But a collapse would not resemble 1997âs.
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Global stock markets face an uncertain week after the biggest sell-off in more than four years.
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Stocks tumbled on Tuesday, sending the benchmark S&P 500 index to its biggest one-day slide in more than 3-1/2 years as a sell-off in China's equity market fanned worries that stock valuations there are too high and some data indicated U.S. economic growth may slow.
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Chinaâs stock markets have tumbled again, worsening one of the biggest sell-offs in years after the governmentâs move to impose a higher tax on stock trades.
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The Chinese stock market falls nearly 9%, its worst day of trading in 10 years, after leading investors sell shares.
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China now leads the world in the number of publicly traded companies with market values of more than $200 billion, but this is not necessarily good news for investors.
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But Chinaâs move to cool its heated stock market limited Wall Streetâs broader advance and raised concern about a global equity sell-off.
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Worries about the global economy rattled stock markets around the world this week, paring billions from the value of investorsâ holdings.
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China's plunge and Greenspan's gloomy words spooked investors. But views on the economy's future are divided
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Stock index futures signaled a lower open on Tuesday after two consecutive days of losses and a sharp drop in China's main stock index that unnerved investors.
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Stock markets in Asia, Europe and the United States spiralled lower on Monday, compounding last week's sharp losses, driven by weak investor confidence and warnings of a strong correction.
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Stock index futures fell sharply on Tuesday after weak economic data and a tumble in China's main stock index rattled investors after two consecutive days of losses.
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European stock markets mostly fell as investors digested a move by China to hike interest rates for the first time in almost a decade to rein in the country's strong economic growth.
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Asian markets slide following the dip in global stocks on fears about China, with the Nikkei losing 2.9%.
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The move is expected to dampen prospects for companies that have focused on taking advantage of the Chinese market.