What’s bad for China is bad for the U.S.
China’s plunging stock market is ricocheting around the globe and dragging down U.S. markets, raising awareness of how the world’s two largest economies are profoundly interconnected despite political consternation over trade competition between the two nations.
The futures market indicates that the Dow could drop more than 500 points when trading opens this morning. That comes after China’s Shanghai composite index posted its biggest one-day drop since 2007, falling 8.5% Monday.
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