Stock market slide gathers pace with big sell-offs on Wall Street and Asia

Volatility and panic selling result in heavy losses across the region as the sell-off spreads to mainland China

Spooked investors caused Asian markets to plummet on Friday following what some described as panic selling on Wall Street which saw the Dow Jones drop by more than 1,000 points for the second time in a week.

A mass sell-off spread to China for the first time in the current crisis as the Shanghai Composite index fell by 5.6% at one stage and the Hang Seng in Hong Kong slipped more than 4%.

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