Wednesday, February 28, 2007

Market update

International share markets continue to head lower as yesterday's selloff in Chinese markets spread to markets across the globe.

Shares in US and Latin American markets have rebounded slightly, while markets in Eastern Europe, Turkey, Russia, and Asia continue their slides.

Many of the markets seeing pronounced drops in this week's global corrections are the very ones that, just last week, made a series of almost synchronized new highs. Japan, Australia, South Korea, and Malaysia are just some of the markets where stocks are retreating after making recent new highs.

Meanwhile, famed investor, Jim Rogers is speaking to Bloomberg about his view of the correction in Chinese share markets. Click to see the video for Jim's point of view.

Things have certainly been frothy lately in almost all the financial markets. Is the party over or will the madness continue?