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BREAKING NEWS China’s markets close down amid widespread market volatility

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BREAKING NEWS
China’s markets close down amid widespread market volatility

Wednesday, August 26, 2015 5:24 AM EDT

Volatility continued to dominate global markets on Wednesday, with whipsaw trading across Asia. Shares in Shanghai swung between sharp gains and losses, showing no sign that China’s cut in interest rates late Tuesday would lead to a broader rally. The main index fell nearly 4 percent, rallied to gain more than 4 percent, then fizzled, ending the day down 1.3 percent.

European stocks, which had been up sharply on Tuesday, began trading on Wednesday with declines of 1 percent to 2 percent.

Futures contracts on United States stocks indicated that American markets would open higher on Wednesday, although that indicator is not always reflected in subsequent moves as trading continues.

Read more »NYTimes.com




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