Market volatility: Investors have to play 'the long game'

Monday saw reasonably significant falls in major global equity markets, which followed on from one of the worst days for the Chinese stock market since before the global financial crisis. The main Chinese equity index fell by over 8% leading to falls of around 4% to 6% elsewhere. The current concerns about China arguably started a couple of weeks ago when they announced the first devaluation of their currency versus the US dollar of approximately 1.9%. At the time there were differing opinions as to whether this was undertaken due to concerns about Chinese economic growth, which ha...