Monday, 24 August 2015

Global Shares Plunge as Chinese Losses Rattle Markets

BBC: Stock markets in London, Paris and Frankfurt have fallen sharply as fears of a Chinese economic slowdown continue to haunt investors.

London's FTSE 100 index was down by 2.6% in morning trade, while major markets in France and Germany lost nearly 3%.

Shares in Asia were hit overnight, with the Shanghai Composite in China closing down 8.5%, its worst close since 2007.

The Chinese authorities tried in vain to reassure investors.

In addition, oil prices have plunged to six-year lows, as traders worry about slowing growth in the world's second-largest economy. » | Monday, August 24, 2015