The February 27 decline began with an 8.8% one-day drop in the Shanghai Composite, following news that the Chinese government might tax capital gains more aggressively. This news should have been relevant only to China, but the drop there fueled declines worldwide.
2月27日的下跌是从上证综合指数单日暴跌8.8%开始的，因为有消息说中国政府有可能征收更高的资本利得税。本来这则消息只与中国有关，但是在那里的暴跌引发了席卷全世界的下跌。比如，巴西的BOVESPA指数2月27日下跌了6.6%，而印度的BSE指数第二天跌去了4%。随后市场出现了缓慢的反弹。