European, US benchmark indexes sharply lower

FXStreet (Bali) - While all Chinese stock index futures contracts CSI300, CSI500, SSE50 -10% daily limit down, and the Shanghai Composite now bouncing off lows, from near -9% to presently stay at -7.25%, benchmark European equity indexes are all sharply lower.

The UK FTSE index is seen opening more than 200 points lower or -2.7%, the DAX by more than 420 pts or -3.3%, while the CAC40 is down 175 pts or -2.5%. In the US, The S&P 500 and Dow Jones index futures are down -2.5%, having suffered losses of over 3% at one stage, while the Nasdaq index futures see losses of over 4%.