25 Aug 2015

China's Black Monday

From Nine To Noon, 9:08 am on 25 August 2015

Billions of dollars have been wiped off the value of shares around the world, amid mounting concern over a Chinese economic slowdown. China's Shanghai index fell by more than eight percent; the main stock markets in Europe and elsewhere in Asia closed more than four percent lower; and the main Wall Street indexes are currently about four percent down. Campbell Harvey is an economist and business professor at Duke University.