Indexes all over the world reacted sharply to the arising fears over the Federal Reserve’s scaling down of the stimulus program which has been aiding the American markets for over a year.
The Federal Reserve announced that it is viewing the tapering of bond purchases as a possibility while US inflation stays at almost record-highs.
This may be the start of the long-awaited market correction coming after the bullish market driven by US stimulus after the market’s sharp drop in March 2020 when the S&P lost almost half of its value, followed by an almost 100% increase to date.
The Chinese stock market has been in a downfall for the last few months because of the
Among the industries that suffered more than others is the private tutoring sector with the Chinese private education company TAL losing as much as 94% of its value.