US stocks plunge over 3% in China-driven rout

New York (AFP) - US share prices plunged more than three precent Friday as China's economic problems drove a major selloff on Wall Street for a second day.

The Dow Jones Industrial Average lost more than 500 points, or 3.12 percent, while the broader S&P 500 gave up 3.19 percent and the Nasdaq Composite shed 3.52 percent.

The rout followed similar declines in Asian and European markets amid rising fears that China's slowdown will stall growth worldwide and even hit the relatively strong US economy .... http://news.yahoo.com