For those investors who thought the Asian stock markets would start to recover, things are looking bleaker than ever before. Another shockwave of declining stocks is affecting other major trading markets all over the world, and there is no end in sight. All of the traditional financial sectors are losing ground at an accelerating pace while Bitcoin sees a healthy price increase as more money flows into the world’s true global currency. Also read: Bitcoin
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Yesterday’s news regarding the Chinese stock market once again showed how brittle the global economy is at this point. With stocks tumbling slightly over 7 percent, trading was suspended a few hours before the markets closed. Things did not get off to a good start earlier today, as an early 2% loss was worrying a fair few investors. But things calmed down once the People’s Bank of China intervened and poured money into money markets.