Markets in chaos as China halts trading
‘Better watch out for your 401K here’
CHERYL CHUMLEY
WND.com
Jan. 4, 2015
China’s Monday morning jarring halt to trading loomed dark for America’s financial sector, as Wall Street’s Dow tumbled 300 points – and that was before markets even officially opened for business.
Shortly after opening, the Dow fell 383 points.
The early morning flurry of activity triggered a dark warning from one Fox News financial analyst, who told a national television audience: “Better watch out for your 401K here.”
She also predicted during a mid-morning Fox News broadcast “it’s going to be a tough year for stocks.”
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The first trading day of 2016 began halfway across the world with a volatile start to China’s markets, prompting a global sell-off, USA Today reported.
Bloomberg called it the “worst start to the year for China stocks ever,” and blamed the weaker-than-expected manufacturing sector. The poor showing prompted a “massive stock market sell-off in mainland China, where shares tumbled more than 7 percent, forcing authorities to halt trading for the day before the normal closing time,” USA Today said.
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