Last update: Fri, 12 Feb 2016 04am

Stocks and Bonds: World


Wall Street was off more than 1 percent on Thursday, pushing the S&P 500 and the Dow Jones industrial average down 10 percent for the year, as investors jettisoned stocks and scurried toward safer shores. All 10 S&P major sectors were in the red, led by financials, especially banks. The financial sector, already the worst performing S&P sector this year, dropped 2.71 percent.

The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the US economy. The Dow and S&P 500 posted their fourth straight day of losses while the Nasdaq ended its three-day down streak. Materials and energy shares were Wednesday's biggest losers following further losses in US oil prices.
Britain's top share index slumped on Thursday, with a sharp sell-off in major banking and mining stocks pushing the market down to its lowest level in more than three years. The bluechip FTSE 100 index finished 2.4 percent weaker at 5,536.97 points after falling to 5,499.51 points, the lowest level since late 2012.
A top European share index plunged to its lowest level in 2-1/2 years on Thursday, led down by a renewed slump in banks and commodity-related stocks, with Societe Generale sliding after disappointing results. The pan-European FTSEurofirst 300 was down 3.7 percent at 1,195.76 points at its close, having earlier in the session slumped to its lowest level since August 2013.
India's NSE index fell 3.4 percent on Thursday to the lowest since May 2014, its biggest daily fall in nearly six months as fears of a slowdown in the global economy hammered markets world-wide. The NSE ended at 6,976.35, below the psychologically key level of 7,000 for the first time since Prime Minister Narendra Modi was elected in May 2014.
Southeast Asian stock markets ended mixed on Thursday, with Singapore hitting a three-week closing low as a shift to safe-haven assets hit Asia but stocks in Indonesia snapped a two-day losing streak amid a rise in the rupiah and foreign inflows. Singapore's key Straits Times Index fell for a second day, down 1.7 percent at 2,538.28, the lowest close since January 21. Malaysia's key index extended losses for a second day and the Thai SET index was down 1.7 percent at 0928 GMT.
Hong Kong shares plunged on Thursday led by mainland-related stocks, with the Hang Seng Index (.HSI) marking its worst daily performance since August as worries about the health of the global economy sparked a sell-off. Mainland markets are closed this week for the Lunar New Year holiday, while Hong Kong markets reopened after a three-day break for the same festival.