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Business Matters: Global Markets Nosedive on China Economic Woes

Stock Markets Plunge on China Fears

25/08/2015 GMT

Global Markets Nosedive on China Economic Woes

BBC World Service - Business Matters, Global Markets Nosedive on China Economic Woes

Hong Kong, London, Frankfurt and then New York all end the day in negative territory.

Tokyo, Hong Kong, London, Frankfurt, Paris and then New York all end the day in negative territory - triggered by the collapse of the Shanghai Composite.

It's been a day of turmoil on stock markets around the world - as fears deepen of an economic slowdown in China. Tokyo, Hong Kong, London, Frankfurt, Paris and then New York - all ended the day in negative territory - triggered by the collapse of the Shanghai Composite. Jordan Weissmann, senior business and economics correspondent at Slate in New York gives us his view. 

The fallout from the Ashley Madison hack continues - suicides, scams and now a half a million (Canadian) dollar bounty for information leading to the arrest of those responsible for the hack. Ajay Sood of the cyber security company FireEye, in Toronto tells us why the likelihood of the reward working is minimal. 

We hear how Australia's crocodile farms are being snapped up by high-end fashion chains such as Louis Vuitton and Hermes, giving them direct access to the prized croc skins. 

Our guests throughout the show are Mor Assia of iAngels, an angel investor who helps crowdfund the Israeli tech sector. She joins us in the Business Matters studio in London and joining us from Toronto is Ralph Silva, an analyst focusing on banking, technology and media.

(Photo: A trader works on the floor of the New York Stock Exchange as the global economy continues to react from events in China. Credit: Spencer Platt/Getty Images)

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