Global markets plunged Thursday, continuing steep losses seen in the previous session, as investors worry about rapidly rising interest rates and an expected slowdown in global growth.
Asia markets fell sharply overnight, with the stock indexes in Shanghai, Shenzhen and Tokyo all tumbling by around 4 or 5 percent. The Shanghai composite saw its worst session since February 2016, according to data from analytics company Wind. In the Greater China region, the Hang Seng index slumped 3 percent.
In Taiwan, the tech-heavy Taiex dropped by 6.31 percent to close at 9,806.11, with shares of lens maker and Apple supplier Largan Precision plunging 9.89 percent. Over in South Korea, the Kospi continued the general trend for the day by tumbling 4.14 percent to close at 2,136.31.
In Europe, stocks were also sharply lower Thursday, with the Euro Stoxx 600 Index hitting its lowest level in more than 20 months. Technology stocks led the losses, down 3.2 percent, after a sharp sell-off for the same sector on Wall Street Wednesday.