The US Dow Jones Industrial Average (DJIA), which is the equivalent of our PSEi (Philippine Stock Exchange Index), fell by 416.02 (3.29%) as it felt the fallout from the drop in Chinese equities (wherein 900 stocks hit its 10% single day down limit) yesterday. The Dow Jones hit a low wherein the US equities market was down by more than 500 pts.
Just now, the Japanese Nikkei index was down already by nearly 670 points (3.75%) and the S. Korea Kospi index declined by 3.32% at one point in this early trade .
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