Chinese Crisis: 3 Questions for NRI’s

This Article was Published in Indiansinkuwait.com Sensex fell by 1,624 points (5.94%) on August 24, 2015 to reach 25,741 in what is now termed as Black Monday. That was unprecedented given the normal movement of say 100 to 200 points in a day. Though Sensex subsequently recovered to 26,392, the unease continues amongst many of us. So, what has caused this sudden panic and how should Non-Resident Indians (NRI’s) prepare. The following questions may be appropriate to answer. 1.What is this crisis? The Chinese stock market has been on a roll since November, 2014. The Shanghai index increased from 1,924 to 4,098, representing a gain of 113%, within a matter of 8 months. This was due to easy mone

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