Shanghai and Tokyo markets plummet for a SECOND day after £75billion 'Black Monday' FTSE plunge hits UK savings and pensions

Nearly £75billion was wiped off the value of Britain's leading companies yesterday, on what was the worst day for the London stock market since March 2009 - in the depths of the Great Recession. The sell-off - which was mirrored across Asia, Europe and the United States - came after the Chinese stock market (pictured middle) plunged 8.5 per cent on what was named as 'The Great Fall Of China'. Analysts described 'a day of massive panic' on global markets, from New York (left) across to Tokyo (right). This morning, Shanghai stocks tumbled a further 6.41 per cent in early trading, while Tokyo shares also fell 4.13 per cent. Chancellor George Osborne warned that Britain was 'not immune' from the crisis, which he described as a 'cause for real concern'.