World Markets Tank, Asia Down 3%


After our miserable performance, which set the stock market back to its early 97, global markets fell again. Hong Kong and South Korea fell about 3%. And if you thought ’97 was bad, Japan is at a 26-year low, so a little perspective helps make things look a little brighter.

For what it’s worth, for us to fall to a 26-year low on the S&P, we’d need to drop back to about 151.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at