The Singapore benchmark stock index once fell nearly 2%, to 3830.28 points, the lowest level since February 7.

Duan Yongping talks about the sharp decline in the USA stock market: rarely enjoying the pleasure of being in cash.

Japanese Machinery stocks fell broadly, with Ebara Corporation dropping over 6%, Kawasaki Heavy Industries declining more than 5%, and Mitsui Engineering & Shipbuilding and Mitsubishi Heavy Industries falling over 3%.