The bleeding continues into the close
It has not been a good day for Chinese stocks as fears of contagion from Turkey and the ongoing trade spat with the US is adding to worries for investors. Since the peak at the end of January, the Shanghai Composite has fallen by more than 24%.
The index entered into a bear market at the end of June and got some reprieve in July before the fall continued in August trading. Potential flagging economic growth in China is another area of concern for investors and the longer the trade spat with the US draws out, the more worries on that will pile on Chinese equities.
The only positive development for markets so far is that the heavy decline in Chinese equities have yet to have a material impact on global equity markets. Instead, if you look at the S&P 500 index this year it's been telling a different story since hitting the lows in February:
