Kim Kardashian held at gun point Kanye cancels show!!

Armed gunmen broke into Kim Kardashian's Paris hotel room and the emergency rippled quickly all the way to New York ... where Kanye bolted from the stage mid-concert.

The gunmen were posing as cops and Kim was held at gunpoint.  We're told she was badly shaken but unharmed.

We don't know if the gunmen made off with any of her stuff.

As for Kanye ... he was performing at the Meadows Festival in Queens, NY -- Yeezy was jamming in the middle of "Heartless" when he cut the music and made the announcement, stunning the crowd.

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