China's Black Monday has sparked the global market tumbling (or so the report says). It is truly nerve wrecking to watch the crimson tides across the board, from Dow Jones to STI.
On Monday (24/08/2015) alone, billions of dollars have been wiped out due to panic sell-off and many Exchanges have introduced some trading limit/restriction to contain the bleed. In short, the worst might not be over yet.
Following are some highlights of the crimson tides:
Dow Jones : -3.58%
Nasdaq : -3.75%
S&P 500 : -3.93%
Shanghai Composite Index : -8.5%
Taiwan's Index : -4.8%
STI : -4.3%
A couple of my financial blogger friends are closely monitoring the market now and eyeing for the potential "on sales" counters to release their Titans (I mean warchest). Of course, this could very well just the beginning of yet another Great Fall and there are a couple ......