On Wall Street, the Dow Jones Industrial Average fell below 7,000 for the first time in 12 years.
A sell-off in London pushed the FTSE 100 to a six-year low – and to its lowest in 14 years in dollar terms. The falls followed dramatic overnight falls in Asia.
“It's another bloodbath with equity markets in a state of panic,” said Jimmy Yates, head of equities at brokerage CMC Markets.
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