We start with the spreading market tailspin that's giving investors cause for concern.<br />Financial markets around the world took a battering for a second straight day on Thursday as the mass sell-off continued.<br />The bloodbath started in Europe and spread to the United States later in the day.<br />After a wild couple of days,... the Dow Jones Industrial Average has now shed more than one-thousand points in just 48 hours.<br />Lee Seung-jae reports. <br /> Markets continued to plummet on both sides of the Atlantic on Thursday. <br />In London, the FTSE 100 shed close to two percent.<br />Germany's DAX finished down close to one-and-a-half percent,... while France's CAC 40 lost one-point-nine percent.<br />The pan-European Stoxx 600 shed close to 2 percent,... with financial services and oil and gas stocks leading the losses.<br />A dramatic sell-off on Wall Street a day earlier prompted the European benchmark to fall to its lowest level in more than 21 months. <br />The tumble comes on the back of heightened fears about global economic growth and rising interest rates.<br /> After flirting with gains early in the day, U.S. markets saw another day of dramatic losses on Thursday. <br />The Dow Jones Industrial Average tumbled more than two percent.<br />The tech-heavy NASDAQ ended the day down 1-point-25 percent. <br />The S&P 500 didn't fare any better,... losing more than two percent.<br /> Stocks have been stuck in the red because investors are growing increasingly concerned over rising interest rates. <br />As the Federal Reserve raises rates to prevent what it says would be runaway inflation,... investors have been getting out of bonds,... driving down their price,... and driving up their yields. <br />In turn,... the return on bonds has become competitive against some stocks,... especially risky tech stocks.<br /> Meanwhile, U.S. President Donald Trump launched another criticism against the Federal Reserve on Thursday,... calling the Fed's interest rate increase a "ridiculous" policy,... that was making it more expensive for his administration to finance its escalating deficits.<br />Lee Seung-jae, Arirang News. <br />
