Big Sell-Off In Chinese Real Estate Stocks Caused Worldwide Market Dip

Source: UPR — 

ARI SHAPIRO, HOST:

There was a major sell-off in markets around the world today. The Dow fell 614 points, or about 1.8%, its worst day in more than two months. It did recover some of those losses at the end of the trading day. The big dip was all sparked by a Chinese property company that many Americans have never heard of. NPR’s David Gura joins us to explain.

Hi, David.

DAVID GURA, BYLINE: Hey, Ari.