Traders work on the floor of the New York Stock Exchange August 24, 2015. REUTERS/Brendan McDermid
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As global markets tumbled, investors, strategists and asset managers across the world struggled for words to describe the sell-off that wiped $490 billion from emerging-market equities, dragged Saudi stocks into a bear market and pushed Russia's ruble toward its lowest closing level on record.Michael Wang, a strategist at Amiya Capital LLP, based in London's Mayfair: "It makes it more stressful and psychologically draining to say the least.Darius McDermott, managing director of London-based fund broker, Chelsea Financial Services: "This is a market meltdown, but it's for different reasons than the 2008 financial crisis.
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