On Thursday, December 6, the Sensex slipped 572 points or 1.6 per cent -- the biggest single-day fall in two months. Sensex wasn't the only index to tumble. In the US, the Dow Jones and S&P 500 tumbled nearly 1.7 per cent each; in Europe the benchmark FTSE 100 crashed 3.2 per cent (European shares touched two-year lows, according to BBC); and in Asia Hang Shen (-2.5 per cent), Nikkei 225 (-1.2 per cent), Shanghai (-1.7 per cent) and Kospi (-1.6 per cent) all felt the tremors and reacted.
At the heart of this global meltdown was the arrest of one Meng Wanzhou. Name sounds familiar? Nope?