YEREVAN, August 15. /ARKA/. The Dow Jones has plunged 800 points, or 3% onThursday, making the worst stock market day this year, while the broader S&P 500 sank also 3% and is now more than 6% off its July peak, The Guardian reports.
According to the media source, the selling continued in Asia on Thursday with the Nikkei down 1.38% and the benchmark Australian market suffering its worst day since last October by dropping 2.74%. Losses were more modest in Shanghai and Hong Kong, The Guardian reports.
But oil prices continued to fall after sinking 5% on Wednesday as fears of a global slowdown intensified. For the first time ever recorded, the yield on 30-year US treasuries dipped below 2% on Thursday. –0—
