China Shares Wipe Out 2015 Gains as Stocks Tumble 8.5%
August 24th, 2015Via: MarketWatch:
Chinese stocks plummeted Monday, erasing gains for the year, as fears about the deepening effects of a slowdown in the world’s No. 2 economy rattled investors world-wide.
Stock markets slid across Asia and a number of regional currencies fell to fresh multiyear lows. China’s main stock index, which closed 8.5% lower on Monday, has tipped into negative territory for the year after gaining as much as 60% through its June peak. Benchmarks in Japan and Australia both shed nearly 4%.
