"International capital market has its own laws, the recent sharp fluctuations inherent reasons." CITIC Securities chief economist Peng Wensheng said that one important aspect is the change in the Fed's monetary policy.

He said the Fed's easy monetary policy in 2008 after the global financial crisis, long-term low interest rates, which led to a lot of capital flows to emerging markets. Very relaxed liquidity conditions led to asset price inflation, mainly in the US stock market continued to rise, Yiwu Market emerging markets rose."With the Fed rate hike expectations increased, the emerging markets take the lead response, funds began to flow, currency devaluation, price volatility in commodity markets. China, the world's second largest economy, is also affected." Wensheng Peng said.

Bank of Communications chief economist Lian Ping said the world economic recovery is slow is the most fundamental cause of global market turmoil. Yiwu City At present, although Europe and the United States presented in slow growth, but growth is not obvious.Tang Xiaodong, general manager of Huaxia Fund believes that in addition to the international market self-adjustment factors, the current global uncertainties more, such as the euro zone debt problems of Greece, will be reflected in the capital markets.

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