Market Talk

Jittery China sends world markets into turmoil

Sales at clothing retailer Next fell 0.5 per cent in the two months to Christmas Eve

The New Year started with a bang. And it wasn’t fireworks

No sooner were the celebrations over than trading in China brought everyone back to reality with a staggering 7 per cent slump.

The market in China has been propped up by extraordinary measures by the communist leadership since last summer to prevent such declines, including banning the outright selling of some stocks.

Such was the ferocity of dumping that a temporary halt ...