Stocks tumble on China instability amid further devaluation of Yuan
Jan 11, 2016 09:19 AM EST
The adverse conditions in Chinese economy have once again created tremors in the global bourses as the unexpected devaluation of Yuan shaken the markets. This time the main culprit was the China instability factor that sent global stocks spiraling down for the second time this week. All the major indices S&P 500 index, Dow Jones, Nasdaq and CSI 300 fell as traders preferred to get out of the risky assets.