Weak Chinese manufacturing concerns triggered a frenzied sell off on the Shanghai Stock Exchange yesterday with the Shanghai Composite Index declining by nearly 7 per cent forcing a trading halt. The news of the sell off and the trading halt triggered a global stock market wipe out with major global stock exchanges declining heavily overnight.
Dow Jones fell 1.58% to 17,148
S&P 500 down by 1.53% to 2,012
DAX fell 4.28% to 10,283
FTSE 100 declined by 2.39% to 6,093
Nikkei fell 3.06% to 18,450
Dow Jones fell 1.58% to 17,148
S&P 500 down by 1.53% to 2,012
DAX fell 4.28% to 10,283
FTSE 100 declined by 2.39% to 6,093
Nikkei fell 3.06% to 18,450
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