After four days of market panic wiped 20 percent off the value of Chinese stocks, European markets rallied strongly on Tuesday (25 August).
On the bourses of London, Frankfurt, and Paris, at least, Black Monday was followed by Turnaround Tuesday, as indices rose by 3.5 to 4.5 percent.
Events in Shanghai had caused pandemonium on Monday, wiping $2.7 trillion (€2.3 trillion) off global share prices. European shares had their largest single-day fall since 2008 - the height of the fi...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.