simultaneous collapse of global markets; About three trillion dollars were wiped off the value of assets The global markets faced a massive fall today and in total almost three trillion dollars of asset value was lost. The stock indices of America, Japan, Korea, Turkey, China and Taiwan lost a total of 1,700 billion dollars of their market value. Gold and silver also hit new annual lows, losing $177 billion. The cryptocurrency market plunged about $140 billion after the Binance hack, and at the same time as US Treasury yields rose, the bonds also came under selling pressure. According to some analysts, this emotional sell-off is taking place ahead of the mid-term elections in the US and in an atmosphere of speculation about the renewed conflict between the US and Iran./Zoomit egtesaad24. and.