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Tumultuous U.S. Stock Session Spreads Across The World

Tumultuous U.S. Stock Session Spreads Across The World

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Yesterday’s tumultuous U.S. stock session, which saw the Dow Jones Industrial Average drop as much as 1,500 points, has spread across the world. Overnight, the MSCI Asia Pacific Index plunged 3.5 percent to wipe out gains for the year, while Japan’s Nikkei 225 Stock Average closed 4.7 percent lower to enter a so-called correction, capping a 10 percent decline from the recent peak. In Europe, the Stoxx 600 Index was 1.8 percent lower at 5:45 a.m. Eastern Time, with every industry sector losing ground. S&P 500 futures were unchanged, in a premarket that has seen large swings in both directions.