Today is the worst day for both Asian and European markets with the biggest bear seloff since February hitting with its wave. Red color is embracing all of the stock markets with drops so horrible, a lot of traders are panicked.
Kospi lost 3.5 percent as well.
Topix declined 3.5 percent.
Hang Seng is down by 3.8 percent.
Shanghai Composite declined 4.3 percent.
Nikkei Stock Average dropped 4.05 percent.
S&P 500 lost 0.7 percent, dropping to the lowest point in more than 2 months.
Stpxx Europe 600 declined 1.8 percent. The index is now at the lowest point in 20 months.
FTSE 100 fell to the lowest point in 15 weeks with 1.6 percent fall.
MSCI Asia Pacific dropped 3.4 percent.
MSCI Emerging Market declined 3.2 percent – the lowest point in one and a half year and the biggest drop in more than 2 years.
With such losses in the stock markets it is hard to see at least something positive, but with dollar being grazed by the selloff. That allowed euro and pound new gains.
Dollar declined 0.3 percent although in the morning the greenback was 0.2 percent in the green zone.
Euro grew 0.5 percent - $1.1575.
Pound rose 0.1 percent - $1.3212.
Oil is dropping price with horrible pace, although precious metals, true to form are gaining under losing greenback.
WTI oil is down by 1.75 percent - $71.89.
Brent lost 1.9 percent - $81.51 per barrel.
Natural gas lost 0.91 percent - $3.25 per MMBtu.
Heating oil dropped 1.46 percent off - $236 per gallon.
Gold is up by 1.17 percent - $1207.4 per ounce.
Silver adds 0.59 percent - $14.41 per ounce.
Platinum is up 0.42 percent - $826.84 per ounce.