Selloff of US stocks that started earlier spilled over Asian markets on Thursday, Bloomberg reports. Indexes in Japan, Hong Kong and China lost at least 3,5%.

All shares except for one fell in Nikkei 225 Stock Average, while Japanese Topix demonstrated the biggest slump since March. Shanghai Composite lost 5,2% and closed at level close to level in November 2014. Index Taiex in Taiwan fell by 6,3%.

MSCI index for Asian-Pacific region is ready to show the worst day since 2016.

Analytics in CEB International Investment Corp, Northcape Capital Ltd. and AMP Capital Investors Ltd. assume that this is just the beginning, and growing number of external uncertainties, including trade war, emerging markets risks, oil prices and IT-companies bubble in the US, will continue putting pressure on market. However, it is still far from full-scale crisis.

Asian index lost 13% this year, while Shanghai Composite fell by 22%.

On Wednesday S&P 500 lost 3,3%, Nasdaq - 4,4%.

Investors will now concentrate their attention on China’s trade data on Friday and US inflation data on Thursday.