Stock markets from all over the world slid as the United States Federal Reserve made comments on Wednesday on the United States' central bank's new plan - to pull back on its monthly purchases of assets. The assets amount to $85 billion.
The comments were made by Ben Bernanke, Federal Reserve chairman.
Stocks from the United States marked suffered the worst two-day selloff since November 2011. The Dow Jones industrials slipped 354 points as well on Thursday.
If the downward trend continues, previous speculations about the rally that sent the Standard and Poor's 500 in high levels being caused by plans concocted by the Federal Reserve would be confirmed.
"We are going to continue to see volatility until we get to a point where the markets come to terms with the fact that we have a sustainable recovery in our hands that it is not in need of life support," said Peter Kenny, New Jersey-based Knight Capital's chief market strategist.
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