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Keith Berlin, director of global fixed income and credit at Fund Evaluation Group in Cincinnati, Ohio, said “markets have awakened to the realization that China’s growth story is not what it once was”.

The Dow was up 332 points, or 2 percent, to 16,203 as of 11 a.m., while the Standard & Poor’s 500 index gained 42 points, or 2.2 percent, to 1,936.

Stocks once again showed a strong move to the upside at the start of trading on Wednesday, mirroring the performance seen in the previous session.

He answered, “I would not be throwing him a dinner”. “I would get him a McDonald’s hamburger and say we’ve got to get down to work because you can’t continue to devalue”, he said, according to a transcript published by the Daily Caller.

U.S. stocks rebounded in afternoon trading Wednesday after slumping for six straight days on concern that growth in China was slowing more quickly than previously thought.

The VSTOXX index that monitors volatility in European stocks, hit 35 on Monday morning, the highest since the 2012 euro crisis woes.

Trading was more volatile on China’s smaller Shenzhen Composite, which opened higher, but then shed as much as 3% before mounting a recovery.

The three indexes closed lower three days in a row as investors wrestled with uncertainty over increased signs of a slowdown in China’s economy and the timing of a long-expected interest rate hike by the Federal Reserve.

Research by Citrix, mobile workspace solutions firm, and London-based Centre for Economics and Business Research (Cebr) found that South Africa could add 17 billion rand per year to its economy, or 0.4 per cent of gross domestic product (GDP).

In an appearance on Monday evening on the The O’Reilly Factor, the presidential candidate and sayer of things about China criticised the Obama administration for its plans to hold a state dinner when the Chinese president visits Washington next month. The result was an...

“The question for investors is when to catch this falling knife”, Barty wrote.

Investors also got some encouraging news from a survey indicating that U.S. consumer confidence rebounded this month.

The Dow did rally from that point and ended the day down 588 points.

The last market correction was four years ago.

The pan-European FTSEurofirst 300 was last down 5 percent at 1,355 points, wiping around 400 billion euros ($460.16 billion) off the index and taking its losses for the month to more than 1 trillion euros. The Nasdaq composite declined 19.76 points, or 0.4 percent, to 4,506.49....