Europe, emerging markets enter bear territory too

Following the mauling in Asia, it looks like the rest of the world's stock markets are falling into the bear's grip as well.

Bloomberg reports:

The MSCI World Index slumped the most since 2002...

The MSCI World slipped 3 percent to 1,395.29 at 5:38 p.m. in New York, extending its decline from an Oct. 31 record to 17 percent... Germany's DAX had its biggest loss since 2001. Futures on the Standard & Poor's 500 Index sank 4.5 percent...

The Stoxx 600 slid 5.7 percent, extending its drop from a 6 1/2-year high on June 1 to 23 percent. A decline of more than 20 percent is the common definition of a bear market. France's CAC 40 lost 6.8 percent. The U.K.'s FTSE 100 sank 5.5 percent, and Germany's DAX slid 7.2 percent...

The MSCI Emerging Markets Index, a global benchmark, sank 5.9 percent, extending its retreat from an October record to 20 percent. At least 36 countries around the world have fallen into bear markets, according to Bloomberg data.

Brazil's Bovespa index slid 6.6 percent, the most since Feb. 27. Russia's Micex Index declined 7.5 percent, the biggest drop since June 2006.

Canada's Standard & Poor's/TSX Composite Index had the biggest drop since February 2001, falling 4.8 percent.

Prices of oil and other commodities fell too, while the yen gained.