Fear grows today as stock market crashes, on the worst day of trading since March 2009.
Hundreds of billions of pounds were wiped off the world stock markets today amid growing panic over the state of the Chinese economy.
More than £70billion was slashed off the value of Britain's top companies alone, also the US stocks also crashed just minutes after trading open on the Wall street this afternoon-falling 1,000 points or 6 per cent, in a chaotic early trading which smashed the previous one-day record fall of 777 points.
The stock market panic came after China suffered its worst day of trading in eight years - with shares falling by 8.5 per cent in what the country's official news agency dubbed 'Black Monday'.Hundreds of billions of pounds were wiped off the world stock markets today amid growing panic over the state of the Chinese economy.
More than £70billion was slashed off the value of Britain's top companies alone, also the US stocks also crashed just minutes after trading open on the Wall street this afternoon-falling 1,000 points or 6 per cent, in a chaotic early trading which smashed the previous one-day record fall of 777 points.
More than £3 trillion has now been wiped off global markets since the Chinese government unexpectedly devalued its currency just two weeks ago.
Source: +Daily Mail
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