Friday the Dow dropped 600+ points.
Now we are expecting a bloodbath when markets open tomorrow (late Sunday evening in the US), Chinese financial regulators have already announced a massive $173 billion (Rmb1.2 trillion) support package.
According to the FT, China’s central bank said on Sunday that it would provide the lending facilities to money markets as stock markets reopen following the LNY extended holiday, during which western markets logged heavy selling.
Hong Kong markets also took a beating when they reopened for the second half of the week. BBG noted that the sum will come to $21 billion on a net basis, practically nothing, after covering the roll of previous liquidity injections.
Welcome to Globalization.
https://www.bing.com/search?q=stockmarke+t+drop&PC=U316&FORM=CHROMN
This folks is why President Trump is right.
