The biggest stock slump since February rolled from the U.S. through Europe and Asia on Thursday, with benchmarks from Tokyo to London slumping as fresh fears for global trade added fuel to a recent selloff.
The MSCI Asia Pacific Index decreased 3.5 percent, hitting the lowest in almost 17 months with its ninth consecutive decline and the largest dip in more than two years.
The MSCI Emerging Market Index decreased 3.2 percent, reaching the lowest in about 18 months on its sixth straight decline and the biggest dip in more than two years.
The worst of the declines were in Asia, where China's Shanghai Composite gauge at one point tumbled more than 5 percent. Taiwan’s technology-heavy TWSE Index plummeted more than 6 percent in the region’s worst performance.