US equities deepen sell-off

Negative sentiments gripped stock markets as US equities extended sharp sell off with major averages all significantly lower. The Nasdaq and the S&P 500 hit three-month lows. The Nasdaq plunged 576.08 points or 3.4 percent to 16,200.08, the S&P 500 dove 160.23 points or 3.0 percent to 5,186.33 and the Dow tumbled 1,033.99 or 2.6 percent to 38,703.27. The continued weakness on Wall Street came on the heels of an overseas sell-off, which saw Japan's Nikkei 225 Index record its biggest slump since "Black Monday" in October 1987.