The China and the Greece drama started almost around the same time. On
26th June 2015 (Friday), the Shanghai stock index fell 7.4% in a single
day and investors were relieved that a meaningful correction in the
Chinese stock market would lead to a more healthy upwards trend. Things
seemed to be going well at the Greece end as investors were positive
that the Greek government would be able to come to an agreement with her
creditors before the IMF repayment deadline on 30th July.
Things started to unravel over the weekend.
Things started to unravel over the weekend.