Global sell-off rocks capital markets

Aidan Gregory,

Costas Mourselas, Craig McGlashan, Ross Lancaster, Sam Kerr

October 11, 2018 07:45 PM

global_sell_off_ps_230x150 — (181010) -- NEW YORK, Oct. 10, 2018 (Xinhua) -- The trading information is seen on the electronic screen at the New York Stock Exchange in New York, the United States, Oct. 10, 2018. U.S. stocks closed sharply lower on Wednesday as rising rate fears and tech share sell-off rattled the market. The Dow Jones Industrial Average decreased 831.83 points, or 3.15 percent, to 25,598.74. The S&P 500 was down 94.66 points, or 3.29 percent, to 2,785.68. The Nasdaq Composite Index fell 315.97 points, or 4.08 percent, to 7,422.05. (Xinhua/Wang Ying) | Wang Ying/Xinhua News Agency/PA Images

A sharp sell-off in US equities on Wednesday led to global panic on Thursday as other indices followed suit. Asian and European markets showed some sign of life on Friday, although were still a long way down, but the ramifications of a change in risk sentiment could have lasting effects across capital markets, write Sam Kerr, Ross Lancaster, Costas Mourselas, Craig McGlashan and Aidan Gregory.

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Topics

SSA Equity IPOs Equity Americas Supras and agencies EMEA Derivatives Asia Pacific United States Europe North America Derivs - Equity Asia

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Aidan Gregory

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Costas Mourselas

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Craig McGlashan

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Ross Lancaster

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Sam Kerr