In the United States, S&P 500 futures dropped 1.2%, while the Dow Jones Industrial Average fell 0.6%. Across the Atlantic, the Stoxx Europe 600 retreated 0.8% during morning trade. The downturn proved widespread, with Germany’s DAX slipping 1.2% and France’s CAC 40 declining 0.8%. London’s FTSE 100 followed suit, shedding 0.6%.

Individual stock performance showed sharp divergence. INFICON Holding climbed 8.1% and Zealand Pharma gained 4.8%, yet Signify plummeted 13% and Fresnillo dropped 6%. In Asia, the selling was more aggressive: Japan’s Nikkei 225 tumbled 3.5%, Hong Kong’s Hang Seng fell 1.7%, and the Shanghai Composite lost 1.4%.

Commodities and government debt reflected the cautious sentiment. Brent crude slid 1.6% to $76.69 a barrel, while WTI crude fell 1.5% to $72.75. European natural gas prices saw a marginal decline to 41.71 euros per megawatt hour. Meanwhile, the 10-year U.S. Treasury yield fell 3 basis points to 4.484%, and the German 10-year Bund yield dropped to 2.931%. The Wall Street Journal Dollar Index remained flat at 97.26.