As reported by Censor.NET citing Business Insider, it all started with China's Shanghai Composite crash by 8.5 per cent. European markets reacted with immediate fall: Britain's FTSE - 100 points, Germany's Dax and France's CAC - 40 points. The Euro Stoxx, which includes the largest companies in Europe, fell by 6 per cent.
The fall is observed in Russian market - the RTS fell by more than 5 per cent. Ukrainian stock exchange is closed due to country's Independence Day and was not affected by Black Monday. American market reacted like everyone else. At its open on Monday, the Dow was down more than 1,000 points, the S&P 500 was down 120 points, and the Nasdaq was down 393 points.
And in an ominous sign for the global economy, commodity prices have plunged to their lowest levels since 1999.