Overview
The dramatic sell-off of US shares yesterday is the main focus, capturing the limelight from other forces, including today's US employment report. It was the third-worst session for the S&P 500 since the March 23 bottom, and the other two did not see follow-through selling. Asia Pacific shares tumbled, led by Australia's 3% plunge, while the Nikkei, Hang Seng, and Kospi fell over 1%. European bourses are firmed, recovering about a third of yesterday's 1.4% decline. Materials, industrials, and financials are leading today's efforts. US shares are steady to slightly firmer. The bond market