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Europe shares plummet to day low after Wall St open

Fri Oct 10, 2008 9:44am EDT

FRANKFURT, Oct 10 (Reuters) - European shares plunged nearly 10 percent on Friday afternoon after Wall Street got off to a torrid start as part of a global equities rout.

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At 1342 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 8.7 percent at 841.66 points after falling more than 9.9 percent to its lowest level since June 2003.

Investors dumped equities amid worries that efforts by governments and central banks to revive credit markets could prove insufficient to stave off a global recession.

In the United States, the Dow Jones .DJI was down 3.2 percent, the S&P 500 .SPX dropped 3.7 percent and the Nasdaq .IXIC lost 2.6 percent. (Reporting by Peter Starck)

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