Japan’s benchmark Nikkei 225 stock index plunged as much as 8.1%, extending sell-offs that shook world markets last week as worries flared over the state of the U.S. economy.

What do you all think? Is it 2008 again?

Its not just Japan, all the Asian stonks are tumbling.

Honestly, Japan's rate hike was a bad move, U.S. was likely going to lower its own rates anyways which would have seen foreigners buy up Yen and stop the depreciation.

The Shanghai Composite index, which is somewhat insulated by capital controls from other world markets, edged 0.1% higher.