The U.S. Federal Reserve's decision to buy Treasury debt to bolster the U.S. economy has resulted in investors around the world running for save haven, fearing another wave of global economic slowdown.
The Wall Street Journal reports that yesterday, the "the yen briefly touched a 15-year high against the U.S. dollar, the euro suffered its worst selloff in nearly two years, and global stock markets tumbled."
According to the Journal, the Dow Jones Industrial Average fell 265.42 to 10378.83. In Japan, the Nikkei Stock Average fell 2.7%, its fourth consecutive loss. Over in the U.K., the FTSE 100 fell 2.44%, and the Stoxx Europe 600 lost 2%. Nymex crude-oil prices tumbled 2.8% to $78.02 a barrel.