(Oct 13): Stocks fell in Europe and Asia, extending a rout that wiped $1.54 trillion from shares last week, while U.S. equity-index futures fell amid concern that pledges to keep record-low interest rates won’t counter a global slowdown. The dollar dropped with oil while gold gained.

The Stoxx Europe 600 Index retreated 0.6 percent by 8:24 a.m. in London, while the MSCI Asia Pacific excluding Japan Index headed for its lowest close since March. Standard & Poor’s 500 Index futures lost 0.3 percent. The Bloomberg Dollar Spot Index retreated 0.3 percent as the yen strengthened to a three- week high and gold jumped 0.7 percent. Brent crude extended last week’s slump, sliding toward an almost four-year low. Ten-year Treasury futures climbed to an 11-month high and Australian and U.K. bonds rose.

Stocks have fallen on concern that valuations are too high as the Federal Reserve removes stimulus and economic indicators from China and Japan to Germany signal weakness. U.S. rate rises could be delayed by slowdowns elsewhere, Fed Vice Chairman Stanley Fischer said at the weekend, and Fed Governor Daniel Tarullo said he’s worried about global growth. China reported stronger-than-estimated trade data today, while in Hong Kong, mobs attempted to remove some roadblocks as protests enter a third week.

“People are worried about the fourth quarter and beyond,” said Ryan Huang, a strategist at IG Ltd. in Singapore. “China data today came out better than expected but there’s too much negativity outweighing it. Investors are going to look for more positive indicators before we get any traction.”

Tech Rout

Just one of 19 industry groups advanced today on the Stoxx 600, which is heading for a fifth straight decline and its lowest close since February. The MSCI Asia Pacific excluding Japan Index fell 0.6 percent, while a gauge of global stocks was 0.1 percent lower.

Information-technology companies were among the biggest losers in Asia and Europe. In the U.S. on Oct. 10, the Nasdaq Composite Index plunged 2.3 percent as Intel Corp., Microsoft Corp. and Cisco Systems Inc. tumbled more than 3.5 percent.

London’s FTSE 100 Index slipped 0.4 percent and Germany’s Dax Index retreated 0.7 percent. The Euro Stoxx 50 Index is down 10 percent from a June high.

Hong Kong’s Hang Seng Index reversed earlier losses to gain 0.3 percent. Computer maker Lenovo Group Ltd. dropped 3.9 percent. Agile Property Holdings Ltd. tumbled as much as 31 percent in Hong Kong trading after its billionaire founder and former Chairman Chen Zhuolin was placed under the control of Chinese prosecutors.

The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong was little changed and headed for its lowest close since June 25. The Shanghai Composite Index slid 0.4 percent.

China reported a $31 billion trade surplus today after a surprise 7 percent jump in imports and a 15.3 percent surge in exports that was stronger than the 12 percent increase median forecast of economists. The currencies of Australia and New Zealand climbed.

TSMC Plunges

Taiwan’s benchmark stock index slumped 2.8 percent, dragged lower by a 3.6 percent plunge in Taiwan Semiconductor Manufacturing Co. Australia’s S&P/ASX 200 Index fell 0.6 percent, while the NZX 50 Index retreated 1.1 percent in Wellington. Xero Ltd., a accounting software designer, slid 6.3 percent to lead declines in New Zealand.

MSCI’s Emerging Markets Index decreased 0.6 percent today, extending declines after entering a correction Oct. 10. The gauge of developing-nation shares tumbled 1.8 percent at the end of last week, bringing its decline from a Sept. 3 high to more than 10 percent, data compiled by Bloomberg show.

Futures on the Dow Jones Industrial Average dropped 0.2 percent to 16,404. The index slid 2.7 percent last week, the most since August. That was less than the S&P 500’s 3.1 percent slump, the worst weekly loss since May 2012. Nasdaq 100 Index futures due in December declined 0.4 percent to 3,837.5.

Technical Levels

Contracts on the S&P 500 slipped to 1,889.8 today, trading around levels closely watched by chart analysts. The S&P 500 December contract closed last week at 1,894.3, about 3 points below its lowest close from August and less than two points above the intraday low of 1,892.9 on Aug. 7. The 200-day moving average was 1,887.5 at the end of last week.

“I don’t think we’ll get a monster selloff because the trend, the 200-day moving average, is still rising,” Walter “Bucky” Hellwig, who helps manage $17 billion as a senior vice president at BB&T Wealth Management in Birmingham, Alabama, said by e-mail before the start of U.S. futures trading. “However, if the futures deteriorate all night with no bounce higher, and we go into trading tomorrow morning still down and falling, watch out.”

Risk ‘Underpriced’

Goldman Sachs Group Inc. Chief Risk Officer Craig Broderick said markets will see a shock that will expose liquidity and other risks that aren’t apparent today. Investors across assets classes don’t understand that crises occur periodically and “when they do, they’ve significantly underpriced risk,” Broderick said Oct. 11 at an event sponsored by the Institute of International Finance in Washington.

U.S. 10-year futures expiring in December rose 13/32, or $4.06 per $1,000 face amount, to 126 3/32. That would be the highest close for a benchmark contract since November. Australia’s 10-year government notes rose, with the yield sliding three basis points to 3.30 percent. The rate touched 3.25 earlier, the lowest since June 7 last year.

The dollar weakened against most peers today. The Bloomberg gauge that tracks the greenback against 10 of its most traded partners retreated to 1,066.92, the lowest in a week. The gauge hit a four-year high of 1,078.65 on Oct. 3.

A health-care worker in Dallas was confirmed at the weekend to have contracted Ebola after being in contact with an infected patient there, raising the possibility other caregivers could have been exposed to the disease. Ebola’s arrival in the U.S. “hasn’t helped sentiment recently,” Greenwood Capital’s Todd said.

Euro, Aussie

The euro strengthened 0.2 percent to $1.2656 and the U.S. currency bought 107.42 yen, the least since Sept. 17.

The so-called Aussie rose 0.4 percent to 87.16 U.S. cents and the kiwi advanced 0.5 percent to 78.49 U.S. cents. The Swiss franc, Danish krone and Turkish lira all gained more than 0.2 percent.

Gold for immediate delivery advanced as much as 1 percent to $1,235.01 an ounce, the highest price since Sept. 17, before trading at $1,231.65 . Silver and palladium increased at least 0.3 percent.