Nikkei Plunge Causes Fall in Global Markets

According to Bloomberg, Japan's Topix Index (TPX) fell by 6.9 percent, adding to fears that extreme volatility is back in the markets.

The Hang Seng was down 2.54 percent and Europe's FTSE 100 index dropped 1.76 percent. The yen gained momentum, increasing 1.41 percent to 101.69 against the dollar.

According to a report from HSBC and Markit Economics, factory output in China slid for the first time in seven months. The deceleration of China's growth in the past decade may mark more turbulent times for China's manufacturing and industrial sector.
Oil futures slid 1.42 percent and copper dropped .09 percent in premarket trading.