U.S. Federal Reserve Board's monetary stimulus and weak Chinese factory data sent stocks sharply lower on worries about the future, safe-haven currencies such as the yen higher on Thursday.
From high-risk assets to secure market is triggered, Fed Chairman Ben Bernanke told a congressional committee last Wednesday, the central bank may buy bonds to expand the pace of policy meetings in the coming years.
China weak manufacturing surveys added to investor concerns, dragging the MSCI World Stock Index <. miwd00000pus> fell 1.1 percent, and it certainly its weakest day of the month.
Japan's Nikkei index plunged 7.3%, within two years of its biggest one-day percentage decline.
Dollar, fell more than 1.5 percent, one-week low against the yen 101.43 yen to 101.80 or so before the recovery, there have been some speculative buying.
French bank Credit Agricole global head of FX strategy Mitu (Mitul Kotecha) said: "The market is now possible to correct, U.S. bond yields lower, helping the dollar / yen pull back."
In Europe, a wide range of FTSE Eurofirst 300 index (FTEU3) lost about 1.2%, Germany's DAX (GDAXI) fell nearly 2 percent, as investors concerned about switching flash estimate for the euro area business activity in May to open.
A Initial readings showed the euro zone's second largest economy, France's economy still in deep recession.
German government bond futures supported selling stocks, rose 8 points to 144.73 points, contrarian trend in Japan and the U.S. government bond market sold off sharply after Bernanke's comments.
 



Other News:
Bernanke and growth fears send shares lower, yen up
Freeport Indonesia says death toll rises to 28 after tunnel accident
GE to receive $6.5B in dividends from finance arm
Switching from scandals, Obama to address drones and Guantanamo
Guatemala trial of Rios Montt has likely collapsed
Iran hangs two spies working for Israel and U.S.
Building materials blamed in Bangladesh disaster
Egypt troops in Sinai sweep mistakenly hit funeral