The Great Fall of China Hundreds of billions wiped off the world’s financial markets at the beginning of the week, as a Chinese rout sent shares
The Great Fall of China
Hundreds of billions wiped off the world’s financial markets at the beginning of the week, as a Chinese rout sent shares tumbling in Europe, Asia and the US.
The plunge was dubbed “Black Monday” as China’s stock markets gave up all the gains made over the year.
The aftershocks were felt all over the world with traders in panic calling it the worst day in many years and worrying about the country’s major economic slowdown.
To understand why the world’s second biggest economic engine has been losing steam, we look at how it raced ahead so fast in the first place.
The financial storm didn’t spare technology stocks. But, while some CEOs remained idle, others decided to take action.
Our IT-dedicated segment is entirely focused on Apple’s answer to the stock market rout: with a simple email CEO Tim Cook single-handedly saved billions of dollars in market capitalization.