On Friday, the Hang Seng closed with a 9.5 per cent drop for the week - its worst weekly performance in nearly a decade, while Japan's Topix ended 7 per cent - its biggest weekly drop in two years.
The turbulence in USA stock indexes followed a broad slide in global markets. At the end of the buying and selling, the funds flow back into safer developed market fixed income securities - only this time they are owned by emerging market actors, private and official. The benchmark S&P 500 and tech-heavy Nasdaq also snapped lower out of the gate. "In India, recovery is underway with corporate earnings higher than market expectations, though domestic market will follow global cues in the near-term", he said.
"There would be a limited impact in the case of a flight from emerging market assets driven by increased global risk aversion".
USA stocks finished lower on Wednesday after early gains, with investors remaining cautious after the recent market slide and hedging their bets.
The turbulence in US stock indexes followed a broad slide in global markets.
"The concentration of the job loss in Ontario and the focus upon lost part-time jobs in that province will no doubt feed debate on whether large minimum wage hikes took a toll on employment, but proving causality may remain contentious", said Derek Holt, economist at Scotiabank in a note.
Jaish-e-Mohammad militants attack army camp in Jammu
Afzal Guru was secretly hanged and buried in Delhi's Tihar jail on February 9, 2013 for his role in 2001 parliament attack case. The attack could have been worse given the fact that the residential area has a school inside as well.
The Dow suffered its worst daily point drop on record Monday, and briefly fell almost 1,600 points intraday. All 30 of the blue-chip Dow industrial components finished negative.
After rising and falling, the S&P 500 was up 7 points, to 2,588, as of 2:59 p.m. The Dow is down 1.5% for the year.
Global markets, especially in Asia, fell sharply on Friday after USA stocks went into correction territory, dropping 1,000 points for the second time in a week.
While the market turbulence can be alarming, analysts urged investors to stay calm because the economic backdrop is strong. Fast-rising interest rates would make that argument much less persuasive. "You're seeing real changes occur and different investments are adjusting to that", O'Rourke said. The Dow dropped from a January 26 peak of 26,567, closing at 23,860 - a plunge of 10.8 percent.
During Friday's session alone, the S&P 500 swung from as high as up 2.2 percent to down 1.9 percent, echoing the big swings of the past week.
A trader works at the trading floor of the New York Stock Exchange in New York, the United States, on February 9, 2018.
Cleveland Cavaliers send Dwyane Wade back to Miami Heat
But the last two years have been a time of transition for Derrick Rose and Dwyane Wade , especially on Thursday. The first sent Isaiah Thomas , Channing Frye and a pick to the Lakers for Jordan Clarkson and Larry Nance Jr .
Perhaps investors thought the Fed would not tighten as much in 2018 and 2019 and are shifting their stance.
"The index swung more than 850 points in volatile trading Friday". The Nasdaq composite edged up 10 points, or 0.2 percent, to 7,061.
But El-Erian said that these corrections "tend not to contaminate the broader economy as long as fundamentals are strong, which is the case today".
So if the world economy keeps on growing, and it's business as usual, developed market tightening and a falling US dollar could be cushioned by emerging market demand.
Declining issues outnumbered advancing ones on the NYSE by a 8.64-to-1 ratio; on Nasdaq, a 6.92-to-1 ratio favored decliners.
The S&P 500's market value surged $6 trillion between President Trump's election and the all-time high on January 26.
'Jesus gave us the flu shot' says Trump religious adviser Copeland
According to the CDC, 9.7% of all United States deaths in the first week of February were due to the flu and pneumonia. Her proposal to "flu vaccine" is the return to the Scriptures. "Inoculate yourself with the word of God".