Carnage on the markets. <br />U.S. stocks posted their worst single-day drop in months on Wednesday... with the Dow shedding more than 800 points. <br />South Korea's main bourse also dumped to a 17-month low on concerns about an economic downturn.<br />Lee Seung-jae has more on the day Wall Street would rather forget. <br /> On Wednesday,... Wall Street saw its biggest fall in eight months,... as the Dow Jones Industrial Average closed 831 points lower,... at 25-thousand-598. <br />The Nasdaq Composite plummeted 4 percent,... while the S&P 500 dropped 3-point-3 percent with the tech sector underperforming. <br />The broad index also posted a five-day losing streak,... it's longest since November 2016.<br />Both the Dow and the S&P 500 recorded their biggest one-day drops since February,... while the Nasdaq notched its largest single day sell-off since June 2016.<br /> Just like eight months ago,... concerns over nascent inflation,... rising interest rates and the potential for the Federal Reserve to tighten its monetary policy drove the selling, as interest rate-sensitive areas of the market have suffered steep drops due to the upward move in borrowing costs.<br />The fast rise in yields has sent worries through Wall Street that higher borrowing costs will slow down the economy.<br /> Meanwhile, with large global supply chains centering in Asia,... semiconductor stocks have taken a hit due to the ongoing trade tensions between the United States and China. <br />Experts say the trade spat is going to be a long-term issue.<br /> Despite the huge losses on Wednesday,.. many market observers expect strong third-quarter earnings will help stocks recover. <br />Lee Seung-jae, Arirang News. <br />
