Turbulence in global markets

More than $5 trillion has been wiped off the value of global stocks since China unexpectedly devalued its yuan by almost 2% on August 10

300
325
350
375
400
Apr
May
Jun
Jul
Aug

Apr 15: Year’s high at 414.06
Aug 10: 399.82
Aug 24: Stoxx 600 slumps to 342.01. Europe’s equity benchmark has fallen 14.5% since China’s devaluation

STOXX 600 Index: Represents companies across 18 European countries

Stock market losses since August 10
CHINA
EUROZONE
RUSSIA
UNITED KINGDOM
INDONESIA
JAPAN
INDIA
BRAZIL
MEXICO
SOUTH KOREA
SOUTH AFRICA
TURKEY
UNITED STATES
MALAYSIA
18.3%
14.9%
14.2%
12.3%
12.3%
10.9%
9.3%
9.2%
8.8%
8.7%
8.4%
7.9%
7.7%
7.4%

$9.5 trillion
Combined market capitalisation of Shanghai and Shenzhen stock markets in June.
40% Fall in value since June

Sources: Bloomberg Business, Investing.com