The trading week ended with more turbulence as global stock markets plunged on Friday.
The MSCI All-Country World Index tumbled 2.7 percent to the lowest since October. The S&P 500 plunged 3.2 percent, the most since November 2011. The Stoxx Europe 600 Index lost 3.3 percent.
The MSCI Emerging Markets Index fell 2.2 percent. The Shanghai Composite Index plunged 4.3 percent.
Hong Kong’s Hang Seng Index fell by a relatively sedate 1.3 percent. However, it has declined more than 20 percent from its April high, taking it into a bear market.
In other markets, junk bond yields rose to the highest since October 2012, US Treasuries completed the largest weekly gain in five months, and oil fell below $40 a barrel for the first time since 2009.
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