Stocks sell-off slams back into Europe

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LONDON (Reuters) – European stocks slumped to a more than an 18-month low on Thursday after Wall Street’s worst losses in eight months triggered a surge of global selling that knocked over Asia too.

A man is seen behind an electronic board displaying the Nikkei average and Japanese yen rate againt the U.S. dollar at the Tokyo Stock Exchange in Tokyo, Japan, October 11, 2018. REUTERS/Issei Kato

Losses in London .FTSE, Paris .FCHI and Milan .FTMIB were already climbing toward 2 percent in early trading, although the selloff wasn’t quite as dramatic as the overnight session in Asia.

MSCI’s broadest index of Asian shares not including Japan .MIAPJ0000PUS ended down 3.6 percent, having struck its lowest level since March 2017. China’s main indexes had slumped over 5 percent [.SS].

It meant MSCI’s 24-country emerging market index .MSCIEF was having its worst day since early 2016, after Wall Street’s swoon had given the 47-country world index equivalent .WORLD its worst…



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