See our regular market updates summarising our view of the world: September -Big isn’t always beautiful

It has been one of the worst Augusts for years in the UK and not just because of the weather. Equity markets suffered a very aggressive correction in response to weakness in Chinese growth prospects, starting on the 10th August and creating volatility all the way through the month. The MSCI Emerging Market Index entered a bear market, falling over 20% from its peak last September and this has led to most developed markets also entering a technical correction.