Market will get over 'Black Monday': UBS
August 25, 2015 at 07:00 AM EDT
Monday's trading saw some of the steepest falls since the 2008 financial crisis. But with no fresh economic data to justify the slide, this has the hallmarks of a self-reinforcing correction driven by quantitative risk controls - automated trading. The downturn started with an 8.5-percent plunge in the Shanghai Composite on Monday, raising concerns that the Chinese authorities, after earlier ...