World markets plunge as China stocks crash

Global Business

Dan MClory on whether China should be responsible for global market plunge.00_04_05_10.Still008

The Stoxx Europe 600 index slid more than five percent (5.33%) on Monday-its biggest one-day loss since 2008. Despite recovering from some early losses, all big European markets closed sharply lower as the dramatic selloff in markets around the world continued.

CCTV’s Jack Barton filed this report from Brussels.

World markets plunge as China stocks crash

World markets plunge as China stocks crash

The Stoxx Europe 600 index slid more than five percent (5.33%) on Monday-its biggest one-day loss since 2008. Despite recovering from some early losses, all big European markets closed sharply lower as the dramatic selloff in markets around the world continued. CCTV's Jack Barton filed this report from Brussels.

More details:

  • London’s FTSE 100 (4.6 percent) and the CAC 40 (5.12 percent) in France both closed around five percent lower as all of Europe’s big markets slumped in the wake of the renewed selloff in China.
  • The worst hit was Greece’s exchange, which fell a massive 10.5 percent.
  • China’s share slide led to European stocks experiencing their worst day since 2008.