Chinese stocks volatile a day after rattling world markets with plunge
Posted Jan 7, 2016 08:58:22 PM.
Last Updated Jan 8, 2016 05:20:20 AM.
This article is more than 5 years old.
The financial markets are starting today on a much quieter foot after yesterday’s gut-wrenching selloff that began in China.
The Shanghai Composite Index gained two per cent today, the Hong Kong’s Hang Seng Index picked up six-10ths of one per cent, and the Nikkei Index in Tokyo today slipped by less than one-half of one per cent.
Andrew Pyle, a portfolio manager at Scotia Wealth Management, is urging calm — saying there’s no global recession, there’s no panic on Wall Street, and the global economy is not crumbling.
