The benchmark Nikkei 225 dropped almost two percent at the open and extended losses to below the three-percent mark, as traders fretted about surging interest rates and an ongoing trade spat.
As Hurricane Michael pummeled Florida, Wall Street was battered by storms as well, with the Dow shedding about 830 points, in the biggest fall since February, to close the day at 25,498.74.
Federal Reserve officials also sounded relaxed with Atlanta Fed President Raphael Bostic and Charles Evans, the Chicago Fed president, on Wednesday down playing the economic effects of the market decline. The Standard and Poor's 500-stock index hit its longest losing streak in two years.
USA consumer price inflation is now above 2% and the unemployment rate is the lowest in about 40 years.
Trump has departed from that practice and has said he would not shy from future criticism should the Fed keep lifting rates. As stocks go down, tech goes down more than the stock market, ' she said.
The 10-year Treasury yield rose to 3.22 percent from 3.20 percent late Tuesday after earlier touching 3.24 percent.
Hubble Telescope Put Into Safe Mode Following Gyroscope Failure
He added, "There are some things we're only going to be able to do with Hubble for the foreseeable future". Besides redundancy, three functional gyroscopes also provide more flexibility in pointing, Sembach said.
Huawei teases Mate 20X with gaming features
In fact, the third smartphone slated to launch alongside the Mate 20 and Mate 20 Pro will be called Mate 20X. Being a gaming-centric handset, the Mate 20X will come with a cooling system as teased by the company.
Walking Dead season 9 premiere loses almost half its audience
The Hollywood Reporter reports that the premiere achieved a 2.5 rating among adults ranging from 18-49. The Live+3 and Live+7 numbers will provide a fuller portrait of how the premiere actually did.
Investors are leaning into safer stocks with steady dividends - utilities and consumer staples - and pulling out of the higher-paying, higher-risk stocks as other guideposts of growth, like the communication sector, tumbled.
After the central bank announced its third increase of the year in September - a quarter-point boost that raised the benchmark federal funds rate to a target range of 2 per cent to 2.25 per cent - Trump said he was "not happy" about it.
Last week's jump in yields followed strong United States data but many analysts have been anticipating dynamics in the bond market to change due to expectations that central banks in Europe and Japan will soon phase out bond-buying programmes. It was at just 3.05 percent early last week.
President Trump, who has claimed much of the credit for the strong economy, has criticized the Fed's pace of raising interest rates, saying going too fast could slow growth and job creation. "The Fed is doing what it thinks is necessary but I don't like what they're doing because we have inflation really checked, and we have a lot of good things happening", Trump said to reporters on the White House lawn before departing for an Iowa event.
"It's shifting the tectonic plates", said Jack Ablin, chief investment officer at Cresset Wealth Advisors. "The Fed increasing rates to me was a sign that the economy was able to stand on its own two feet". Berkshire Hathaway dipped 4.7 percent to $213.10 and reinsurer Everest Re slid 5.1 percent to $217.73.