China slowdown spreads worries

Concerns about China’s slowing growth fueled a nearly 600-point drop Monday in the Dow Jones industrial average and increased anxiety over how the global turmoil will affect the U.S. Here’s a look at why global stock markets are falling and what it might mean for American workers and investors. Q. What is causing the global stock market meltdown? A. The stock market plunge was triggered by China’s move two weeks ago to devalue its currency. Although Beijing said the action was in line with a policy change to make its exchange rate more market-driven, many investors and analysts took the announcement as an indication that the Chinese economy is slowing more sharply than previously thought/ Tribune News Service . More here.

Question: Does the stock market fluctuation worry you?