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Despite the recent falls, Japan's Nikkei is up by almost 30% compared to a year ago.luna terra coin"The fear of an Evergrande bankruptcy appears to be leading to concern about China's very own Lehman [Brothers] moment, and a big overspill across the region," said Michael Hewson of CMC Markets.
Investors are also nervous that the US Federal Reserve, which meets on Tuesday and Wednesday, will confirm plans to cut back support for the US economy this year.Global stocks have rallied as economies reopen and central banks have provided trillions of dollars in support to boost growth.But there are concerns of a decline if support is taken away at a time when the Delta variant of coronavirus continues to drag on recovery.Strategists at Morgan Stanley said they expected a 10% correction in America's S&P 500 index as the Fed starts to unwind its support.They added that signs of a stalling recovery could deepen that slide to 20%.
However, other analysts played down fears of a rout, noting that September is typically a bad months for stocks."Overall, September continues to live up to its bad reputation as historically the weakest month of the year. But that doesn't mean it can't rebound," said JJ Kinahan, chief market strategist at TD Ameritrade.He said he had spoken to the brother of one man, trained by the UK to serve in Afghan special forces, who had been executed after the evacuation by the US and UK and whose family is now on the run.
Failings by the Ministry of Defence and the Home Office had led to Afghan allies being "hunted ruthlessly by the Taliban", he said.The email was sent by the team in charge of the UK's Afghan Relocations and Assistance Policy (Arap), which has been in contact with them since the Taliban took control of the country last month.The team told the interpreters it was doing everything it could to help relocate them.It also said they should not put themselves or their families at risk if it was not safe for them to leave their current location.
But one interpreter who received the email realised that more than 250 Afghans who worked with British forces had been copied into the email."This mistake could cost the life of interpreters, especially for those who are still in Afghanistan," they told the BBC.
"Some of the interpreters didn't notice the mistake and they replied to all the emails already and they explained their situation which is very dangerous. The email contains their profile pictures and contact details."The MoD then sent another email 30 minutes later with the title "Urgent - Arap case contact" asking the recipients to delete the previous email and warning "your email address may have been compromised".It recommended the interpreters change their email addresses.Labour shadow defence secretary John Healey said the data breach had "needlessly put lives at risk" and called on the government to urgently step up efforts to get the interpreters to the UK.
After the BBC approached the Ministry of Defence, the defence secretary was angry enough to order an immediate inquiry.It's likely this data breach was just human error, and the apology is certainly sincere, but there are obviously concerns if the email addresses, names and pictures fall into the wrong hands.While the military evacuation on the ground was rightly lauded, the failure to get all those who worked with British forces out has left hundreds stranded and in hiding.Just this week we spoke to the family of an eight-month-old British baby who is still stuck there, an interpreter who is on the run fearing for his life, and another interpreter who just does not know what to do.
This data breach just compounds their safety concerns.An MoD spokeswoman said an investigation had been launched into what Mr Wallace called an "unacceptable breach".
"We apologise to everyone impacted by this breach and are working hard to ensure it does not happen again," she said.She added that the MoD "takes its information and data handling responsibilities very seriously".
Tobias Ellwood MP, who chairs the defence select committee, welcomed the investigation but said it was more pressing to get the interpreters out of the country as soon as possible."Each day they remain in the country the risk of them not making it out increases," he said.Australia's Victoria state has shut construction sites across Melbourne following a violent protest against mandatory Covid-19 vaccines.The protest on Monday was against a requirement for staff to prove they had received a vaccine dose to access their workplace.Officials said some sites would be shut for up to two weeks after construction workers and other protesters clashed.Property was damaged and police said several people were arrested.
Hundreds gathered in Melbourne for another anti-vaccination protest on Tuesday, setting off flares and reportedly throwing urine at reporters.On Monday, riot police were deployed and reportedly used rubber bullets and pepper spray to disperse crowds.
It comes following an announcement that from Thursday 23 September construction workers will be required to show proof that they have had at least one vaccine dose in order to continue to work, local media report.The CFMEU condemned "in the strongest possible terms" the attack on its Melbourne office, where members had shown up in support of the government mandate, saying the violence occurred after the protest was "infiltrated" by right-wing groups.
Some of its members were injured during the clashes, the union said in a statement, adding that bottles were thrown at officials.In a Facebook post, the Master Builders Association of Victoria said all building and construction industry sites in metropolitan Melbourne, Geelong, Surf Coast, Ballarat and the Mitchell Shire had to close from midnight Monday.
It said this was in response to a combination of a rise in Covid-19 transmissions in the building industry and the "riots" in Melbourne.The association added that while the construction shutdown was scheduled to last for two weeks, sites would be able to reopen earlier if lockdown measures were lifted by regional governments.With a relatively low Covid-19 death rate, Australia has been praised for its efforts controlling the virus.The country has so far recorded just over 87,000 cases of Covid-19, and 1,167 coronavirus-related deaths, according to the latest Johns Hopkins University data.
However, about half the population has recently been placed in lockdown due to outbreaks in the cities of Melbourne, Sydney and Canberra, with the Delta variant causing cases to rise more rapidly.Kabul is a city still waiting for its new life to take shape - a lot depends on the will and whims of its new Taliban masters. But it is hunger that could become the worst of Afghanistan's many crises.
For the poor of the city, the majority, scraping together a few hundred Afghanis, a couple of dollars, to stave off starvation is the biggest challenge.Millions live in desperate poverty in a country that has received huge sums in foreign aid. The money left over that might help them, around $9bn in central bank reserves, is frozen by the Americans to keep it away from the Taliban.
At dawn, hundreds of construction workers gather in one of Kabul's open-air markets with their tools looking for a day's work.Big building projects in the city have stopped. The banks are closed. The foreign money tap has been turned off. What is left amounts to a few drips.
A handful of the construction workers get picked up for work. The rest are getting angry. One of the men, Hayat Khan, raged about the fortunes stolen by a corrupt elite in the last 20 years."Wealthy people think about themselves, not the poor. I can't even buy bread. Believe me I cannot find a single dollar and the rest of the rich people put the aid dollars from the West in their pockets."No-one cares for the poor people. When aid comes from outside, the people in power made sure it went to their relatives, not to the poor."Mohammed Anwar, lucky enough to have an office job, stopped to listen to my interviews with the building workers, and then chipped in, speaking English, accusing the Americans of theft.
"In the name of Allah, we call on America to give us the money they have taken from the Afghan government. It must be used to rebuild Afghanistan."At that point a Taliban official, a forceful man with a bushy black beard intervened. He told us to leave the area, saying it was dangerous.
I had not detected any sense of threat, but it was not the time and place to argue. He was shadowed by a Taliban bodyguard wearing wraparound sunglasses, in the US military style, and carrying a US-made assault rifle.The movement's fighters are very visible in the centre of the capital of the republic they have renamed as an Islamic emirate. At the airport they are dressed in American uniforms.
Across the city they are more likely to wear much more familiar traditional dress like the shalwar kameez and dusty black turbans. All of them carry assault rifles.The most common lament I heard in Kabul in the last week was about the price of food and the desperation of parents who are struggling to feed their children. Food prices are rocketing. Millions struggle to feed their families.