The volatility in stock markets continues. European markets all closed down this evening with benchmarks across the region weighed down by commodities and technology stocks. 

London's FTSE index dropped 108 points (1.5%) to stand at 7,170, while the Paris CAC fell 104 points (2%) to 5,151 and the Frankfurt DAX sank 402 points (3.2%) to close trading at 12,189.

Dublin's ISEQ index closed down, falling 102 points (1.5%) to stand at 6,650. 

The Dow Jones Industrial Average sank another 500 points as a renewed rise in US bond yields and fears of higher inflation unnerve investors following a historic drop earlier this week.
           
The 10-year US Treasury yield rose to a high of 2.884% in morning trade, nearing Monday's 4-year peak of 2.885% after the Bank of England said interest rates probably need to rise sooner than previously expected.            
Investors are still weighing whether the sharp swings this week are the start of a deeper correction or just a temporary bump in the 9-year bull market, spurred by concerns over rising interest rates and bond yields.
           
The Dow Jones Industrial Average was down 499 points (2%), standing at 24,394.17, the S&P 500 was down 44 points (1.6%) at 2,637.16.
           
The Nasdaq Composite was down 129 points (1.8%), standing at at 6,922.98.

Earlier in Asian trade, Tokyo's Nikkei index closed 245 points (1.1%) higher at 12,468, supported by bargain-hunters after the two previous days saw wild price swings. Hong Kong's Hang Seng index also edged 128 points (0.4%) higher, snapping five days of losses although traders remain concerned about volatility across world markets.