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 Stocks around the world tumbled in volatile trading on Monday, leaving investors to wonder how much government officials can and will do to insulate the global economy from the turmoil The upheaval in the markets began with another rout in China that drew comparisons to the 1987 in the United States known as Black Monday Concerns about Chinas ability to be a powerful engine of global economic growth have added to worries about the potential impact of higher interest rates in the United States, driving stocks sharply lower in Asia and Europe But early Tuesday, after a three-day rout that erased nearly $3 trillion in value from stocks globally, markets showed signs that selling pressures were easing Volatility continued to dominate early trading in Asia, but many regional markets swung from losses to gains on Tuesday for the first time in days Stocks in Japan opened sharply lower but had recovered by late morning, while shares in Australia, Hong Kong, Singapore and South Korea were staging a modest Across Asia, the -fall of the past few days appeared to have ended except in China, where Shanghai stocks opened 64 percent lower after Mondays 85 percent plunge |
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