Global markets stabilize, but stocks in China fall again
Tuesday, August 25, 2015 5:05 AM EDT
After a three-day rout that erased nearly $3 trillion in value from stocks globally, markets on Tuesday showed signs that selling pressures were easing.
Volatility continued to dominate early trading in Asia, but many regional markets swung from losses to gains for the first time in days. Stocks in Europe opened higher, and trading in Standard & Poor’s 500 index futures suggested New York would also open the day with a strong surge of buying.
Across Asia, the free fall of the past few days appeared to have ended — except in China, where Shanghai stocks closed 7.6 percent lower after Monday’s 8.5 percent plunge.
Read more » NYTimes.com
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