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The news from China led to a broad sell off around the world.
Despite the broad sell off on Thursday, there were still some gainers on Wall Street.
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"The suspension of commercial property fund redemptions by a number of big players has precipitated a broader sell off in the UK property sector including house builders and other asset managers.
Amazon's share price woes come amid a broader sell off for the US's top tech companies including Facebook, Apple, Amazon, Netflix, Google, companies whose soaring share prices have until recently led stock markets to rally to record highs.
The lack of a bigger and broader sell off is a testament to the strength of the stock markets which in the past few weeks have suffered sharp moves to the downside, but have always been quick to regain the lost ground.
The result was a broad sell-off.
The Nikkei stockmarket index saw another broad sell-off, falling by 6.4% on June 13th.
A broad sell-off began at the opening bell and intensified throughout the morning.
The broad sell-off pushed all sectors lower, with energy and financial companies falling the most.
A broad sell-off in emerging-market currencies in recent weeks may be an early sign of softer growth ahead.
See articleThe recent broad sell-off in technology stocks showed no sign of deterring companies from making acquisitions.
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