IBTimes UK editor-in-chief George Pitcher interviews Edmund Shing, global equity portfolio manager at BCS Asset Management, about why tumbling stock markets should lead to cautious, but not outright panic for investors.

Newspapers and websites broadcast sensationalist headlines such as "Countdown to Panic Grips World Markets" and 24-hour news and business TV channels report on a minute-by-minute basis on the immediate loss of paper wealth that the world's investors are suffering – "£46bn lost on the FTSE 100 today".

But Shing argues that an important economic fact that has been lost in this current rush for the stock market exit is the boost that lower oil prices will give to the global economy.

He adds that stock market valuations look really quite decent for the long-term if you focus on dividend yield rather than share prices.