Photo: IC Photo
When is a 2% stock decline not so bad?
The answer: When you're mainland Chinese stock markets, which opened down by about that much following a trans-Pacific plunge that saw major U.S. indexes shed 3%.
The benchmark Shanghai Composite Index opened down 1.66% at 2,762.34, while the Shenzhen Component Index was down 2.08% at 8,779.53.
This comes after all three main U.S. indexes flirted with 3% falls Wednesday. The S&P 500 ended the day down 2.93%, the Dow 3.05%, and the Nasdaq 3.02%.