- Following suit from Asian markets, European markets have opened more than 3% lower.
- Germany's Dax tumbled below 10,000, down nearly 4.5%. The FTSE was down 3.8% in London.
- The Shanghai exchange saw its worst day since 2007, with stocks tumbling 8.5% and more than 800 stocks hitting limit down -- 10% lower. The move wiped out its 2015 gains. In Hong Kong, the Hang Seng fell 6.5% toward its biggest decline since 2011.
- While China's state council said yesterday it would allow pension funds to invest up to 30% of net assets in stocks, a speculated cut in required-reserve ratios didn't happen -- though it might not have stemmed the tide today in any case.
- Related ETFs: SPY, QQQ, SH, DIA, SSO, SDS, PSQ, IVV, SPXU