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What is Black Monday?

China's currency devaluation has hit global markets hard

By Josh Lowe  

Peter Tuchman, foreground right, works with fellow traders on the floor of the New York Stock Exchange, Monday, Aug. 24, 2015. U.S. stock markets plunged in early trading Monday following a big drop in Chinese stocks. (AP Photo/Richard Drew)

Is this that crisis in China?

More like that crisis everywhere. China’s stock market (which closed trading early this morning by our time—they’re ahead of us) has seen an appalling day of trading. The Shanghai Composite Index has…

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