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China's flight of capital causes global ripples

The Guardian - 19 Aug 2015 04:44
China's flight of capital causes global ripples Investment in emerging markets hits record low while sluggish growth figures cause jitters Chinese stock markets fell sharply in their final hour of trading yesterday as investors were rattled by the withdrawal of government support for shares and further capital flight after last week's yuan devaluation. The Shanghai composite index dropped 6.12%, its biggest fall since an 8.5% slide on 27 July. By the end of trading about 1,000 companies had plunged by the daily 10% limit, with state-owned fir...
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