Shares and global growth worries
All investors' eyes are on the Chinese economy for indications on whether we're in for a correction - or a prolonged global bear market
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THE turmoil in global investment markets continued into this week, although the last few days saw a bit of stabilisation and improvement in several markets. From their highs to their recent lows, major share markets have now had the following falls: Chinese shares -43 per cent; Asian shares (ex Japan) -23 per cent; emerging markets -22 per cent; eurozone shares -18 per cent; Australian shares -16 per cent; Japanese shares -15 per cent; and US shares -12 per cent. Such falls are painful for investors. This note looks at some of the main issues.
What has driven the falls?
In a way, we have seen a range of issues combine to create a perfect storm for share markets over the last few weeks with:
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