3 trillion dollars global stock losses

The Financial Times – FT reported that global stocks are heading to record the worst monthly performance in a year in August. She explained that the US (S&P 500), the Chinese (CSI 300), and the European (Stoxx 600) lost about $ 2.8 trillion as of August 21, and the total losses of these indices were estimated at about 5% of their total value in 3 weeks, according to data ( Refinitiv). It indicated that the losses exceeded the entire market value of the British (FTSE 100) index. Technology stocks were among the biggest losers in the US market this August, Apple shares lost 10% in the first 3 weeks of August, and Tesla lost 13%. The declines come amid expectations that US interest rates will remain high for a longer period and concerns about a slowdown in the Chinese economy.

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