In a volatile day for U.S. markets, the Dow drops nearly 400 points to close below 26,000. Global bond yields resume their decline sending a warning signal to investors of a possible recession. In Asia, the Hang Seng leads losses as Hong Kong protests add to the turmoil. Chief Executive Carrie Lam warns the city is on a path of no return as airport demonstrations extend into a fifth day causing airport shutdown. In Italy, the Italian senate is called back from their summer break to slate a no-confidence vote in the coalition government, as 5-star leader Luigi Di Maio accuses Lega's Matteo Salvini of "stabbing Italy in the back." And finally in Argentina, investment-friendly President Mauricio Macri experiences a re-election setback, sending Argentine assets into decline.

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