The huge selloff continues on Wall Street, where the Dow fell more than one-thousand points in the first few minutes of trading today.
Markets around the world have plunged today after China’s main index sank 8.5 percent. The heavy losses come amid fears over the health of the world’s second-largest economy.
Oil prices, commodities and the currencies of many developing countries also tumbled on concerns that a sharp slowdown in China might hurt economic growth around the globe.
In Russia, the ruble has plunged 2.3 percent to hit a seven-month low amid a further drop in oil prices, the country’s key export.
Stay with KMJ for continuing coverage of the progress on Wall Street
