· The Dow Jones Industrial Average .DJI fell 608.01 points, or 2.41 percent, to 24,583.42, the S&P 500 .SPX lost 84.59 points, or 3.09 percent, to 2,656.1 and the Nasdaq Composite .IXIC dropped 329.14 points, or 4.43percent, to 7,108.40.
The Cboe Volatility Index .VIX, the most widely followed barometer of expected near-term gyrations for the S&P 500, jumped 4.52 points to close at 25.23, its highest close since Feb. 12. The S&P 500 fell for a sixth consecutive day.
U.S. stocks plunged again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and the S&P 500’s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled jitters about economic and profit growth.
U.S. data showed a decline in sales of new single-family homes to a near two-year low in September and numbers for the prior three months were revised lower.
· Asian share markets face a rough ride on Thursday after a tumble in technology stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.
· Stocks in Asia tumbled in morning trade following a plunge on Wall Street overnight.
· Japan's Nikkei 225 traded down 3.65 percent while the Topix index fell by 3.03 percent.
· In South Korea, the Kospi fell 2.46 percent, with shares of Samsung Electronics and SK Hynix both declining by more than 3 percent each.
· Australia's ASX 200 fell 2.09 percent in the morning, with all sectors declining. The energy subindex lost 2.13 percent while the heavily weighted financial sector was down 2.11 percent.
· Major banking stocks were down, with shares of ANZ falling 1.89 percent, Commonwealth Bank down 1.84 percent, Westpac off by 1.98 percent and the National Australia Bank down 1.95 percent.
Reference: Reuters, CNBC
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