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The pan-European Euro Stoxx 600 Index was down by 1.7 percent shortly after the market open. The benchmark hit its lowest level in more than 20months. Technology stocks led the losses, down 3.2 percent, after a sharp sell-off for the same sector on Wall Street.
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MSCI’s broadest index of Asia-Pacific shares outside Japan was off 3.8 percent around 0500 GMT, and earlier touched its lowest level since March 2017.
• Japan’s Nikkei tumbled to a one-month low on Thursday and suffered its biggest daily decline since March, hit by a sell-off in global shares, while tech firms and industrial equipment makers underperformed.
Contributing to Japan’s fall was a profit forecast cut by industrial equipment maker Yaskawa Electric Corp, which dragged down shares of other industrial equipment makers with large exposure to China.
The Nikkei share average ended 3.9 percent lower at 22,590.86, the weakest closing level since Sept. 10.
• China’s benchmark Shanghai Composite Index dived to near four-year lows on Thursday, joining a global equities rout after a tech sell-off battered Wall Street overnight.
The Shanghai Composite slumped more than 6 percent before recouping some ground to end the day down 5.22 percent at 2,583.46 points, levels not touched since Nov. 25, 2014. It was the index’s worst day since Feb. 25, 2016.
Reference: Reuters,CNBC,Bloomberg
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