BEIJING — Stock market jitters spread throughout Asia and the rest of the world, and Wall Street sustained a major plunge, after Chinese stocks recorded their biggest slump in eight years during what China’s state media dubbed “Black Monday.”
The collapse in Chinese stocks was fueled by mounting concerns about an economic slowdown here, but it has fed into a wider sell-off in emerging markets. Asian shares hit a three-year low Monday, and the nervousness led to a rocky day on Wall Street after last week’s sharp falls there. The Dow Jones Industrial Average closed on a nearly 600-point slide Monday, with all three major indexes down nearly four percent.
Shanghai’s main share index closed down 8.49 percent, but trading in hundreds of shares was suspended after they lost 10 percent.
The Shanghai Composite Index has fallen by nearly 40 percent since June, after rising more than 140 percent last year. Tokyo’s Nikkei-225 index recorded its biggest drop in more than two years, falling 4.6 percent to a six-month low, while the MSCI index of Asia-Pacific shares outside Japan sank 5.1 percent to a three-year low.
After overnight futures trading suggested further losses, the Standard & Poor’s 500-stock index in the United States plummeted in early trading Monday, after a 6 percent decline last week. The Dow Jones industrial average also dropped sharply after Monday’s opening bell. The U.S. markets rebounded somewhat by early afternoon, but all three major indexes — the Dow, the S&P 500 and the Nasdaq — remained in negative territory.
This happened 20 days before the "Day of Extraction" on Elul 29th
Mon, 24 August 2015 = 9th of Elul, 5775
ט׳ בֶּאֱלוּל תשע״ה
Parashat Ki Teitzei
Sun, 13 September 2015 = 29th of Elul, 5775
כ״ט בֶּאֱלוּל תשע״ה
🍏🍯 Erev Rosh Hashana 🍏🍯
The last business day before the "Day of extraction" was 9/11
Fri, 11 September 2015 = 27th of Elul, 5775
כ״ז בֶּאֱלוּל תשע״ה