Panic selling sweeps trillions off markets

[caption id="attachment_237859" align="aligncenter" width="630"] Pedestrians walk past a stock market display board showing the Hang Seng Index at 30 651.31, down 4.94%, after closing for lunch in Hong Kong yesterday
Picture: AP[/caption]

Playtime is over, say analysts amid rising global volatility

Stock markets nosedived as panic gripped trading floors across the world for a fourth day running yesterday, after nerves about higher US interest rates and overcooked valuations wiped $4-trillion (R48-trillion) off what just eight days ago had been record highs.