The China market is pretty limited in reach; not many foreigners and not even many institutional investors; it is rife with insider trading and is pretty volatile. It is more like Macau than wall street. Still, dysfunctionalities in the Chinese economy that they were trying to hide with a stock market boom will now come in front and center, which will have some effect on the global economy. Especially in raw materials and energy, but even in some trade.
The China market is pretty limited in reach; not many foreigners and not even many institutional investors
How much money do Chinese investors have invested outside of China? If they bought Chinese shares on margin, they may end up selling assets globally to cover.
Q3 financials showed iPhone revenue up 60% from the same 9 month period last year, with 80% overall revenue growth in China, 17% in EU, 19% in US. Chinese market is contributing $46bn in revenue compared to $72bn in the US, $40bn in Europe, and $11bn in Japan.
I'm quite worried about it personally.