and shenwan hongyuan securities trader gerry alfonso. in the u.s. equity markets.looking at the dow. off by 360 points. with it off by 500 points. all the main u.s. average is now in corrections territory. ♪ ♪ olivia: welcome back. we are one hour into the trading day. breaking news out of turkey. there in stumble 100 index has officially entered a bear market. a broad global selloff. stocks, commodities, currencies all in the red. the u.s. treasury one of the only places to hide with the 10 year yield dipping below 2%. over to asia, where the selling started overnight. the shanghai composite plunging 8.5%, the biggest single day drop since 2007. the index erased all of it gains in 2015. we have more from hong kong. >> worst day for asian markets in four years. it is going from japan to australia to taiwan. the indonesian market all in bear market territory. composite synci the most since 2007. elsewhere, japan had its biggest plunge since april. -- australia also falling. analysts saying things may get worse before they get better. on china'siette biggest single d