‘Every Day You See Red’: Global Markets Enter Panic Mode

"Relentless." That's the word one mainstream financial media outlet used to describe the ongoing rout in global equities, which accelerated Thursday ahead of crucial US producer price data, which suggested pipeline inflation in the world's largest economy is as unrelenting as the global risk asset selloff. The scope of the losses across benchmarks is astounding, albeit not by comparison to the turmoil in cryptocurrencies, which are staring into a dark abyss. Asian tech shares were pummeled Th