Asia stocks stagger into September as dollar spikes

SYDNEY: Asian stocks slid and the dollar spiked on Thursday as investors greeted September by selling everything that was not nailed down after a month battered by concerns about aggressive rate hikes from global policymakers.

The sell-off looks set to hit European markets, with the pan-region Euro Stoxx 50 futures falling 0.9%, German DAX futures down 0.86% and FTSE futures 0.64% lower. S&P 500 futures dropped 0.7%, while Nasdaq futures declined 1.2%.