TOKYO—World shares tumbled Wednesday after a wobbly day on Wall Street as markets churned over the prospect of a possible recession.
U.S. futures and oil prices declined and China’s yuan weakened sharply.
Trading has been volatile since the Dow Jones Industrial Average followed other major U.S. indexes into a bear market earlier this week.
In early trading, Germany’s DAX lost 1.3 percent to 11,983.29 and the FTSE 100 in London was also down 1.3 percent, at 6,895.21. In Paris, the CAC40 gave up 0.9 percent to 5,702.50.
The future for the S&P 500 was 0.8 percent lower and the contract for the Dow industrials lost 0.6 percent….