Another massive US stock sell-off, global markets tumble

Asian and European markets are in turmoil after another significant drop in American stocks. The main US index, the Dow Jones Industrial Average suffered its second 1,000-point loss this week, triggering a worldwide sell-off.

China's Shanghai Composite index closed over 4 percent down, Hong Kong's Hang Seng dipped over 3 percent, and Japanese Nikkei closed over 2 percent lower.

"Emerging markets have become much more sensitive to the long end than the short end of the US yield curve," said Frederic Neumann, co-head of Asian economic research at HSBC, as quoted by Reuters.

European markets reacted calmer to the American crash. Britain's FTSE100, France's CAC40 and Germany's DAX were down less than 1 percent during the first hour of trading on Friday. The Russian markets were down just over 1 percent at 12:00 MSK.

The Dow plunged by more than 1,000...