NEW YORK (AP) — The huge selloff continues on Wall Street, where the Dow fell more than one-thousand points in the first few minutes of trading today. Markets around the world have plunged today after China’s main index sank 8.5 percent. The heavy losses come amid fears over the health of the world’s second-largest economy.

The Dow was 783 points, or 4.8 percent, lower as of 9:40 a.m. Eastern time. The Standard & Poor’s 500 index dropped 87 points, or 4.5 percent, to 1,882. The Nasdaq composite fell 247 points, or 5.1 percent, to 4,465 points.