Global stock markets have fallen sharply on a cocktail of worries led by a potential crisis brewing in China – and added to by gas supply concerns in Europe.
Fears over the future of Chinese property giant Evergrande – and the possibility that its problems could have wider knock-on effects in the world’s second biggest economy – sent Asian markets sharply lower overnight.
Stock indices in Europe followed suit, with France’s Cac 40 and Germany’s Dax each losing about 2% of their value and Wall Street also heading south later, with New York’s Dow Jones down by 2%.
Image: The FTSE 100 fell to a two-month low
Worries about Evergrande have been growing as it scrambles to raise funds