Markets in Asia were sharply lower.

The Nikkei fell 3.1% to 10,289.

The Hang Seng was down 3.5% to 20,169.  PetroChina (PTR) was down 4%.

The Shanghai Composite was off 5.8% to 2,871.

At the open in Europe, the FTSE dropped .8% to 4,675. Rio Tinto (RTP) fell sharply. The Dax dropped 1.1% to 5,253. The CAC 40 was down .9% to 3,463.

Data from Reuters and MarketWatch

Douglas A. McIntyre