The Dow Jones Industrial Average had fallen by 1.6% to 11,781 at midday in the United States. Across the Atlantic, the FTSE index closed down 2.3% at 5,609. The Frankfurt-based DAX and Paris's CAC 40 bourse both slumped, falling by 4.9% and 4.25% respectively.
Markets in Asia fared better. The Nikkei average of leading Japanese stocks was up 2.%, t