A single-day slump of 6.2% in the Shanghai Composite Index on 18 August followed by another drop of 5.1% the next day (according to Bloomberg data) sent fears through global markets. While the index recovered again to gain 1.2%, analysts told Bloomberg that weak sentiment would result in markets remaining unstable. It reported that investors in mainland China realised that the bull market was over, and that the country’s richest traders were “cashing out of stocks”. Meanwhile Reuters reported that other Asian markets saw two-year lows following the drop. Investors warned that emerging market currencies could expect capital outflows going forward as they faced a combination of slower growth in the Chinese economy and interest rate hikes in the US. India’s biggest airline, IndiGo, has ordered 250 Airbus planes at a total cost of $26.6bn, according to Bloomberg. This is the European plane maker’s biggest aircraft order to date. Bloomberg indicated that both Airbus and Boeing forecast that Asia will become their biggest market within the next two decades, a position currently held by the US.