Market in Asia and Europe were off nearly 5%.
The Nikkei fell 4.3% The Hang Seng was down 4.4%, and the Shanghai Composite dropped 5.2% Some financial stocks fell as much as 9%.
At the open in Europe, the FTSE was off 4.6%. The DAXX dropped 4.3%. The CAC 40 sold down 4.8%.
Douglas A. McIntyre is an editor at 247wallst.com.
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