content: Hundreds of billions wiped off world’s financial markets today, as Chinese rout sends shares tumbling in Europe, Asia and the US    FTSE 100 sheds £74bn FTSE 100 Index has closed down 4.67% suffering its biggest daily drop since March 2009 The pan-European FTSE Eurofirst 300 has lost €450bn (£286bn) today, its worst performance since November 2008, as it ended the day 5.4% lower. £13bn was wiped off the FTSE 250 index of smaller companies  I just took over the title of the video and added the text in brackets. Mr. Paul makes the case that that this is more or less the beginning with more to come. Call it crash, don't call it crash. It was a bad day nonetheless.