Asian stocks: The Nikkei fell 456.87 points (5.25%) to 8,238.64. The Australian S&P/Asx slipped 230.10 points (5.86%) to 3,697.30.
Crude oil continues to tumble, shedding almost 2/3 of the gains from the top reached earlier this year. Crude oil for December delivery fell $0.95 (1.69%) to $55.21.
Gold fell to a two week low, on the dollar strength. Bullion for immediate delivery declined $4.40 (0.62%) to $713.90.