World Stocks Sink, Led By China
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U.S. futures are pointing to a downside opening as stocks around the world sold off, led by weakness in China. The MSCI World Index is down 1.7%, its biggest loss in a month. U.S. S&P 500 futures (NYSE: SPY) are down over 2%.
Asian markets all fell significantly with the Shanghai Composite down 5.8%, the Nikkei down 3.1%, and the Hang Seng down 3.6%.
Many were citing profit taking for the sell-off following months and months of gains in riskier assets.
Asian markets all fell significantly with the Shanghai Composite down 5.8%, the Nikkei down 3.1%, and the Hang Seng down 3.6%.
Many were citing profit taking for the sell-off following months and months of gains in riskier assets.
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