The Shanghai Composite dropped 2.4% to 3,019 as the Chinese government put in new bank reserve rules.
At the open in Europe, the FTSE fell .7% to 5,223. Rio Tinto (NYSE:RTP) and BHP Billiton (NYSE:BHP) both sold off. The Dax dropped .7% to 5,592. The CAC 40 was down .9% to 3,747.
Data from Reuters and MarketWatch.
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Markets in Asia fell sharply.
