>> Asian markets tanking at the open on Tuesday as a frantic seller for equity markets on Wall Street becomes global. Japan's benchmark Nikkei plunged as much as 5.6%, it's worst day in 15 months. And the rest of Asia declines in shares fell further for a second day, the biggest drop in more than a year and a half.
Shares in South Korea dropped 2% while Australia's dipped to their lowest level since October. That came after the Dow Industrial's biggest one day decline in history. Nearly 1,600 points. It's a domino effect that began last week when data showed U.S. wages rose at the fastest rate since 2009.
Now investors are grappling with a spike in U.S. bond yields, and the alarm over potentially higher inflation. Spooked investors are moving to other assets to avoid more pain, that includes the market for currency. The dollar slid against the Yen, making Tuesday's sell off even worse. Crypto currencies also felt the impact with Bitcoin tumbling to $6,600, marking a 66% fall from last year.