Stock market around the world tumbling after a sell off in China sparked the downward spiral triggering what is known as a “Circuit Breaker”.
Investors around the globe now fearing the impact to the global economy and their investments when losses hit 7.2%.
Nearly four hours after trading began, the FTSE 100 is still deep in the red as the latest crash in China spooks markets around the globe.
The blue-chip index is currently down 2.65% or 160 points at 5912, its lowest level since mid December.
That, by calculation, wipes more than £40bn off the value of the 100 companies on the Footsie. A blow that will be shared by City traders, pension funds and small investors alike.
China is the 2nd largest Stock market in the world.