With grim headlines from Ukraine and China, a bad week for major global indexes is finally coming to an end.
Japan's Nikkei is down 3.3 percent (now down 12 percent for the year, the worst showing among Asian bourses), most European bourses are down one to two percent. Russia slid 3.1 percent on Friday alone, and is now 27 percent for the year.
Germany is down fractionally, but the DAX is down 4.1 percent for the week, close to its biggest weekly fall in nearly two years.
All told, it's been a rough week as well for emerging markets: Moscow's benchmark index has swooned 9.4 percent, and China has fallen 2.6 percent. There are reports of large withdrawals from China exchange traded funds (ETFs) this week. Other emerging market countries like Chile and South Africa are also down mid single-digits.