This is likely to weigh heavily on the Australian market, which is already down 6.1 per cent so far for October and on track for its worst month in more than three years.
With Wednesday's losses, the Russell 2000 is now down about 5% this year while the Dow and S&P 500 both turned negative for the year while the Nasdaq is holding onto slight gains. The MSCI Asia Pacific Index has moved an average 0.9 per cent daily in October through Wednesday, the biggest swings since June 2016, data compiled by Bloomberg show.
But the energy sector's weak run continued despite oil prices improving slightly overnight. Rio Tinto and BHP Billiton were lower in a range of 2% to 4%. In local company news on Thursday, Fortescue Metals will issue its September quarter production report, while Qantas is scheduled to publish its first quarter trading update. Woodside Petroleum and Oil Search were down 1 percent and 1.3 percent, respectively, at the end Friday's session. But this week, the biggest point of concern for investors including UOB Kay Hian (Hong Kong) Ltd.'s Steven Leung has been the USA dollar, which hit a new high Wednesday.
Most of the bargain hunting was focused on the major banks which managed gains of 0.4 per cent to 0.8 per cent.
CURRENCY: Australian Dollar was declined against greenback and other major currencies on Thursday, as a rout on Wall Street and weak European and U.S. economic data dented global risk sentiment, sending investors scurrying to safe-haven assets including government bonds.
Suspicious package sent to senator, Federal Bureau of Investigation says
In New York City, a security guard alerted the NYPD after spotting a package containing a bomb intended for actor Robert De Niro . Trump's remarks came just hours after the President tweeted that "this "Bomb" stuff" was distracting from the upcoming midterms.
Curt Schilling absent from Red Sox first-pitch ceremony
Buehler, who has never faced the Red Sox, gave up a combined nine runs in his first two playoff outings, both Dodgers defeats. The manager said Martinez would get more treatment Friday, and a decision would be made as game time approached.
Best Andrew Gillum Debate Quotes From His Rematch With Ron DeSantis
And it hollered through this room... he's got neo-Nazis helping him out in the state. Gillum also took a trip to Costa Rica where he and his wife stayed in a villa.
Financial shares reversed course to advance 0.4 percent for the day but lost 4.4 percent over the week. The aerospace giant also raised its earnings and revenue guidance for the year.
Investors also have been unnerved by comments from industrial companies saying trade conflicts have raised material costs.
The Dow Jones Industrial Average plunged more than 450 points in early trading.
Overall, the S&P/TSX composite index was down 248.01 points at 15,164.69.
Technology stocks also buckled and slid 2.14 percent, in tandem with global peers, over concerns of slowing growth in China and a tepid forecast from Apple supplier AMS AG's. The European Central Bank (ECB) holds its monetary policy meeting later today, and investors will be looking for any new guidance from the ECB acknowledging the recent slowdown in growth as well as the political stand-off between Brussels and Rome over Italy's free spending budget.
In Europe: Stoxx 50 +1.1% FTSE +0.6% CAC +1.6% DAX +1%.