Forbes - Markets
How Exposed Is Europe To A Chinese Economic Slowdown?
European stock markets posted their worst day since the 2008 crisis yesterday with the FTSE 100 closing down 4.7%, the German DAX 4.7%, France’s CAC 5.4%, Spain’s IBEX 5% and Italy’s FTSE MIB 6% off the back of huge falls in Asian markets. Much of this has been linked back to huge falls in Chinese and emerging market equities. While this link should not be overdone – China was likely a catalyst if not the cause of such a huge market shift (after all how much actually changed over the weekend) – it provides an opportunity to ask the question, just how exposed is Europe to a slowdown in China?
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