The slowdown in China has also led to a sharp correction in commodity prices, which, in turn, had major consequences as under: a. Economic performance of commodity exporting economies (Australia, Canada, Brazil, Russia, etc.) has taken a beating and this has added to the weakening global growth outlook;  b. Money has started to move out of risky assets (equity, commodity, etc.)
to safe haven assets (e.g., Government bonds in US, UK, Euro-core and Japan) and safe haven currencies (e.g., US dollar, Euro and Japanese Yen). The high risk segment of the financial sector (viz. hedge funds, private equity, etc.) has already been suffering over 2015.