U.S. stocks dropped over 2%, yields jumped, the dollar weakened, volatility spiked, and gold hit a record as investors rushed to hedge, with uncertainty lingering over how long the turbulence may last.

In Japan, the 10-year yield dipped below 2.35% after officials sought to calm markets rattled by tax-cut plans that raised fiscal concerns. The BOJ is still expected to hold rates at 0.75%, even as political uncertainty adds pressure.

The dollar index slid toward 98.5 for a third session as U.S.-Europe tensions intensified, with the EU weighing tariffs on $93 billion of U.S. goods. 

Take a look at today's market updates!