the US has FANG (Facebook, Amazon, Netflix, and Google(Alphabet). China has JAT (JD.com, Alibaba, and Tencent). These Chinese Internet stocks are benefiting from an extra dynamic, got trashed just as well, and recover just as much.
October is shaping up to be one for the bears. This month seems to resemble August 2015 in terms of market movement. The beginning of August was even the start of market turbulence that lasted until the end of 2015.
What both periods have in common? China. A few years ago, the bearish sentiment held the global markets in its claws in wake of a slowing Chinese market and the devaluation of the Chinese RMB. This time China also plays a role, but there are more worries: