Stock markets across the US and Europe have fallen sharply as fears of a Chinese economic slowdown continue to haunt investors.
According to BBC News, Wall Street’s Dow Jones was down 2% in mid-morning trading, having earlier fallen 6%.
London’s FTSE 100 index was 3.9% lower in late afternoon trade, with major markets in France and Germany down by 4.6% and 3.8% respectively. The sell-off hit stocks across almost every sector in New York.
Worries that the world’s second biggest economy is stumbling also trashed commodities with Oil having slumped more than 4% to a new six-year low below $39 a barrel.