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The Latest: European shares open lower after US-led slide
A man looks at an electronic stock board of a securities firm in Tokyo, Friday, Feb. 9, 2018. Asian shares have opened lower and are tracking the overnight plunge on Wall Street. The Dow Jones industrial average plunged more than 1,000 points as a weeklong market swoon continued. (AP Photo - Koji Sasahara)
From Associated Press
February 09, 2018 3:20 AM EST

LONDON (AP) — The Latest on global financial markets (all times local):

8:15 a.m.

European stock indexes have opened lower after another tumble on Wall Street the day before caused jitters through global markets.

European markets had already fallen substantially on Thursday so their declines were not as deep as those seen elsewhere. Britain's FTSE 100 fell 0.4 percent Friday to 7,141 points, while Germany's DAX was flat at 12,262 and France's CAC 40 declined 0.3 percent to 5,136.

Asian markets also followed U.S. stocks down after the Dow, coming off a record high, entered a correction — or a 10 percent decline from its latest peak — for the first time in two years. The Shanghai Composite Index was off 4.1 percent after tumbling 5.5 percent at mid-morning. Tokyo's Nikkei 225 was off 2.3 percent and Hong Kong's Hang Seng retreated 3.2 percent.

Financial analysts regard corrections as a normal market event but say the unusually abrupt plunge might have been triggered by a combination of events that rattled investors. Those include worries about a potential rise in U.S. inflation or interest rates and whether budget disputes in Washington might lead to another government shutdown.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.