European shares sit at the days lows, with the Stoxx 50 -4.7%. The CAC 40 and the FTSE 100 are...

|By:, SA News Editor

European shares sit at the days lows, with the Stoxx 50 -4.7%. The CAC 40 and the FTSE 100 are hardest hit, -5%. More than most Western indices, the FTSE 100 is heavily weighted by materials producers, and the sharp decline in items pulled out of the earth is catching up to a market that has recently outperformed.