New Delhi, March 27 -- A day after US President Donald Trump said the impact of the ongoing conflict with Iran on the stock market was "not as bad" as anticipated, US stocks were sold off heavily.

Investors appeared unconvinced by Trump's decision to further delay attacks on Iran's power infrastructure, as the sell-off in US equities extended into a second day, pushing the Nasdaq into correction territory.

The tech-heavy Nasdaq 100 index fell another 1.4% in Friday's trade on 27 March to reach the day's low of 23,472, building on the previous session's 2.4% crash. The two-day sell-off has pushed the index down 11% from its October highs, marking its official entry into correction territory.

On Wall Street, corrections are defined as lo...