The broad sell-off in risk assets that started last week continues after markets across Asia slumped in overnight trading. The Shanghai Composite fell 8.5% on Monday after the Beijing government defied widely-held expectations that it would intervene to support the country’s sliding stock market. Markets were widely expecting the government to cut interest rates or inject liquidity to stem declines. China Xinhua News, the official mouthpiece of the Beijing government, called the sell-off “Black Monday”. Market declines Almost every other emerging market stock index has slumped following China’s decline. Topping the loser board are the Philippines’ stock market, the Saudi Tadawul all share index and the…
Morning Market Update: Sell-Off Continues Around The World
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk