Yesterday, now known as Black Monday, equity markets have lost $5 trillion since yuan devaluation

Ad Majorem.....Wealth Builders

August 25 2015

From IBM times - 5 tillion lost since Yuan's devaluation

Yesterday, August 24, 2015 is now known as Black Monday.  Dow Jones and China capital markets were marked by massive sell off.  PSE yesterday lost about 6 % and its index slid below 7,000.  The market value that was wiped out was P764 billion.

That is nothing compared to what was lost world wide -  $5 trillion since August 11, 2015 when yuan devalued.  The event is now known as China fall-  Chinas output has declined, it magical economic engine is slowing down.  Demand for raw materials worldwide from its ldc supplier will decline and will cause severe economic down turn in those countries

The fall is so devastating that Apple lost $150 billion of its market value last Friday

PSE loses P764 billion in market value in a single day yesterday

Ad Majorem.....Wealth Builders

August 25, 2015

The China's woes, (stock market bubble burst) the devaluation of yuan, falling outputs and growth (their stock market fell by 8% last Friday alone not counting the $1 trillion loss since June 15) has spooked Dow Jones (it fell by 1,000 points yesterday) and Asian markets.  Our very own PSE lost P764 billion yesterday wiping out 2015 gains.

From Inquirer, PSE slides down below 7,000

PSE lost 6.7 % or 487.97 points, to close at 6791, its largest loss in a single day

Did you lose in the stock market?

Big losers were Ayala, Globe Megaworld and other blue chip stocks.

What did we say about equity markets?