European and Asian shares have fallen sharply as concerns remain about the threat of recession in the US and its impact on the world economy.
The UK's main FTSE 100 index was down 114 points, or 1.9%, by noon trading in London, while Germany's Dax had lost 1.9% and France's Cac had slid 2%.
In Japan, the Nikkei 225 had earlier finished the day's trading down 4%.
Analysts said investors were cautious ahead of an expected interest rate cut from the Federal Reserve on Wednesday.
Hong Kong's Hang Seng index closed down 4.3%, while Mumbai's Sensex was down 3.5% in afternoon trading.
Monday's falls came after falls on Wall Street on Friday, with the Dow Jones index ending down 171 points, or 1.4%, at 12,207.2.
http://news.bbc.co.uk/2/hi/business/7212465.stm
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