China jitters send global stocks tumbling

01-Sep (Reuters) — World stocks and commodity prices tumbled on Tuesday, as poor Chinese data saw fears about its economic health intensify.

After a few upbeat days for world markets, concern about China revived after surveys showed its manufacturing sector shrinking at its fastest pace in three years and its services sector also cooling.

Asian stocks, particularly in Japan and Australia , fell overnight, and the gloomy mood extended to Europe. The FTSEurofirst 300 dropped 2.3 percent, following its worst month in four years.

Futures prices also pointed to Wall Street opening 2 percent lower.

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PG View: DJIA futures are down more than 400 points, -2.45%.