DBI Today: 49.4 (−2.9)
South Korea's stock market just had its worst day in over three months, and the shockwaves didn't stay in Seoul. The Daily Business Index — our daily 0–100 reading of global business health, where 50 marks the neutral line — slipped to 49.4, dipping just below that line after a brutal selloff in semiconductor stocks swept from Asia into Wall Street and Europe. It's the kind of day where one industry's bad news became everyone's bad news, at least for a few hours. Underneath it, though, the picture is more mixed than the headline number suggests: oil kept getting cheaper, and factories on both sides of the Atlantic quietly had a decent day.
See What's Moving The Index
Unlock the full Daily Index — what's moving the index, today's winners and losers, and what it means for your business. Plus much more. Join The Business Index Community for $5 a month. Cancel anytime.
Join The Community — $5/month