The current disorder in the markets will create opportunities to the investors, however, it may hold the Federal Reserve from raising interest rates, said chief economic advisor at Allianz Mohamed El-Erian.

“We are still well above what would be warranted by fundamentals. There has been this enormous faith in central banks, and that faith in central banks means we have borrowed returns and growth from the future, hoping that central banks will be able to hand off to higher growth," El-Erian told CNBC.

The advisor said that the selloff would continue unless emerging markets put in place a policy circuit breaker or prices fall low enough to bring buyers back.
It is noteworthy that both European and American bourses ended Monday amid worries from the decline of Chinese stocks.

Investors were affected by the deep fall of Chinese stocks which retreated to almost 8.5% on Monday, global market analyst AbdulNasser Al-Otaiby told Mubasher.