So far, so calm. European equities bourses opened with mild declines, bucking steeper drops in Asia on Friday and on Wall Street in the previous session.

At the open, the pan-European Euro Stoxx 600 slipped 0.4 per cent, the UK’s FTSE 100 dipped 0.3 per cent, and France’s CAC 40 declined 0.2 per cent. Germany’s Dax ticked up 0.1 per cent.

Asian markets have performed significantly worse, with Japan’s Topix sliding 1.9 per cent, Hong Kong’s Hang Seng falling 3.5 per cent, and the CSI 300 index, which tracks the largest companies listed in Shanghai and Shenzhen, down 4.3 per cent.

On Wall Street, the S&P 500 dropped 3.8 per cent on Thursday, driving the gauge into correction territory.

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