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Only by Tuesday morning did markets show signs of stabilizing, with key indexes in Asia showing more modest declines.
And the role of the Treasury market in key indexes of the fixed-income market is shrinking.
The key indexes in Australia and New Zealand slipped 0.5 and 0.9percentt, respectively, on Tuesday morning.
The stock market gets through the first trading in six days with sizable losses -- key indexes fall 7percentt -- but without a disastrous plunge.
The Hang Seng index in Hong Kong fell 0.9 percent, and the key indexes in South Korea and Singapore declined 0.7 percent and 0.5 percent, respectively.
In Asia, Japan's key indexes fell for a fifth day, led by Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan as investors sold these banking shares before they are removed from trading next week.
Similar(42)
Most Asian stock markets closed lower yesterday, with the key index in Tokyo falling for a fifth straight session.
The Labor Department said its key index for finished goods was unchanged in July, because of a drop in energy costs.
A key index measuring growth in the service economy dropped in July for the second month in a row to its lowest level since January, the report showed.
One of the ironies of its plight is that all the key indices, from share of commercial impacts to share of advertising revenue, are holding up well.
The call rate, which is the interest paid when one financial institution borrows money from another, is a key index for short-term interest rates.
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CEO of Professional Science Editing for Scientists @ prosciediting.com