The big correction: What just happened?

The big correction: What just happened?
Wipeout: US stock markets lost $1.25 trillion last Monday and markets globally tumbled too

The scale and speed of the slump has unnerved many. Is it simply a huge correction, or something more sinister?

In the space of just a couple of hours late last Monday afternoon, an incredible $1.25 trillion (€1 trillion) was wiped from the value of US stock markets. The sea of red has since spread to trading screens all around the world. Nowhere has been spared. Stocks and the equally important bond market have tanked everywhere. The scale and speed of the slump has left many gasping to understand what is happening and, more importantly, why.

Since...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post