London (AFP) - Europe's main stock markets slid further on Friday on continued concerns about the Chinese economy and a renewed bout of turbulence in emerging market currencies.
London's FTSE 100 index of top companies dropped 1.01 percent to stand at 6,704.87 points in afternoon deals.
Frankfurt's DAX 30 index fell 1.30 percent to 9,505.52 points and in Paris the CAC 40 index shed 1.79 percent to 4,204.53 compared with Thursday's closing levels.
Madrid's IBEX 35 slumped 2.68 percent and Milan's MIB index gave up 1.25 percent.
"The UK has continued its slide this morning, with the FTSE again suffering an Asian hangover amid concerns about Chinese growth and a rout on emerging markets that continues to build speed," said Toby Morris, senior trader at CMC Markets.
Asian stock markets slid on Friday, extending the previous day's losses after disappointment on Wall Street over data showing the first fall in Chinese manufacturing activity in six months.
Japan's Nikkei share index suffered another bruising day on Friday after the yen rallied against the dollar in New York as investors looked for safer investments.
Tokyo's main shares index tumbled 1.94 percent, Sydney fell 0.42 percent and Seoul lost 0.36 percent.
US stocks also opened lower, with the Dow Jones Industrial Average falling 0.62 percent to 16,097.71 points after five minutes into trading.
The broad-based S&P 500 dropped 0.64 percent to 1,816.81, while the tech-rich Nasdaq Composite Index declined 0.54 percent to 4,195.95.
"Uncertainty has gripped the market, and when uncertainty does that, there is a tendency to sell first and ask questions later, particularly when the market is coming off a quarter in which it gained 10 percent," said Briefing.com analyst Patrick O'Hare.
Markets were also expecting a possible change by Moody's to its Aa1 rating for France, after it stripped the country of a top tripple-A rating in 2012.
The French government overseen by President Francois Hollande has announced its intention to make massive cuts spending in social welfare charges on businesses in a bid to boost sluggish growth, but has yet to outline how it will do this while still cutting France's deficit.
Emerging currencies rattled
In foreign exchange activity, the European single currency fell to $1.3682 from $1.3695 in New York late on Thursday.
The British pound fell to 1.2069 euros from 1.2148 and $1.6512 from $1.6638.
A number of emerging market currencies came under renewed pressure.
Argentina on Friday lifted restrictions in place since 2011 that limited the purchase of foreign currency, a day after the peso suffered its worst single-day dive since the 2002 financial crisis, in a bid to reassure people they would be able to buy dollars.
The ruble hit a record low against the euro on Friday and reached its weakest point against the dollar in nearly five years amid eroding confidence in Russia's teetering economy.
The euro broke through its record strong point of 47.25 against the Russia currency in late Friday afternoon trading to reach 47.35 before retreating in the closing hours.
The Turkish lira dived through the key barrier of 2.3 to the dollar on Friday despite massive central bank intervention on foreign exchange markets the day before, hitting a new record low of 2.3360 against the greenback before recovering slightly.
In South Africa, the rand hit its weakest level in five years, breaking through the symbolic 11 rand to the dollar level, amid a new wave of strikes.
The Federal Reserve's reduction of the amount of monetary stimulus to the US economy has rippled across global markets.
Much of the stimulus money ended up in emerging economies chasing higher returns, and as investors pull back it has hit the value of currencies and exposed weaknesses in their economies.
Gold prices eased to $1,259.25 an ounce from $1,263 Thursday on the London Bullion Market.