U.S. stocks fell sharply on Tuesday, with energy shares slammed by lower oil prices and financials dropping on diminished prospects of a near-term rate hike.
The selloff was broad, with all 10 major S&P 500 sectors in the red and every Dow Jones industrial average component except Apple declining.
The S&P financial index fell 1.82 percent. The Dow Jones industrial average fell 1.41 percent to end at 18,066.75 points and the S&P 500 lost 1.48 percent to 2,127.02.
Asian stocks extended a global slump and volatility soared after a report showed fund managers are hoarding more money in cash amid uncertainty over the trajectory of central bank stimulus globally.
The MSCI Asia Pacific Index lost 0.6 percent to 136.36 as of 9:13 a.m. in Tokyo. The measure is on course for a fifth day of declines after valuations this month climbed to the highest in more than a year and investors adjusted portfolios and forecasts to reflect prospects of less monetary stimulus globally.
Reference: Bloomberg, Reuters
Thai
Eng