Global shares drop further on economy fears
European and US stock markets have seen sharp falls as fears have deepened over prospects for the global economy, BBC News reported.
London's FTSE 100 share index fell 1.4% to 6,339.97, a 12-month low, as did Germany's Dax. France's Cac-40 fell to it lowest level in 2014.
In the US, the Dow Jones erased its gains for the year, with the tech-heavy Nasdaq tumbling more than 2%.
Poor economic data from Germany this week has stoked fears that the eurozone could be heading for another recession.
Oil prices also saw sharp falls, with the Brent crude price hitting its lowest level for nearly four years.
After recording its biggest one-day fall of the year on Thursday, the Dow Jones dropped another 0.7% on Friday to close at
16,659.25, losing all the gains it has made this year.
The tech-heavy Nasdaq index slumped 2.3% to 4,276.24, led lower by semiconductor makers. Microchip Technology, which cut its sales forecast for the quarter and warned that declines could be expected across the industry, saw its share price fall by 12%.
The broader S&P 500 index fell 1% to 1,906.13.
Read more on the BBC website.
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