Dow plunges 800 points and Asian stocks fall as recession fears grow

• Sharp declines across the world as bonds point to uncertain outlook
• Trump urges Fed chief Powell to make further interest rate cuts

Signs of a global economic slowdown roiled the markets on Wednesday as shares dived and investors fled to bonds with such intensity that short-term yields rose above longer-term ones for the first time since the crisis of a decade ago - an inversion many market-watchers saw as a strong signal of an approaching recession.

Related: Inverted curve proves White House has won its battle with the Fed