Global Shares in Freefall

Stock markets all over the world have taken a nosedive because investors are terrified of a Chinese economic slowdown.

 London's FTSE 100 index closed down 4.6% at 5,898.87, with major markets in France and Germany down by 5.5% and 4.96% respectively.
In total, £73.75bn was wiped off the FTSE 100 as a result of Monday's falls.
Wall Street's Dow Jones initially fell 6%, but recovered to trade just 0.8% lower.
At one point it fell below 16,000 for the first time since February 2014, while the technology-heavy Nasdaq index was 1% lower, recovering from an earlier plunge of 8%.
Shares in Asia were hit overnight, with the Shanghai Composite in China closing down 8.5%, its worst close since 2007.
At its lowest point in the day, the FTSE 100 had lost as much as 6%, wiping some £100bn off its value.
Global investors are worried about growth in the world's second largest economy.
The floor was buzzing long before the US market open. All the traders knew this wouldn't be a typical sleepy August Monday.
Minutes after the opening bell, the Dow fell a staggering 1089 points, its biggest ever points drop. One floor trader complained his shirt was soaked with sweat after the early plunge in stocks.
Another, Stephen Guilfoyle from Deep Value, said the US markets were 'bordering on the edge of panic but not quite there yet.' He can remember the crash of 1987 and said this didn't feel as bad.
Indeed by late morning, US markets were showing some resilience, leading Mark Otto of J Streicher to conclude that Monday's big market moves in the US were similar to the 'flash crash' of 2010, when billions of dollars were wipedoff some of the world's biggest companies in a matter of minutes, only to recover almost as quickly.