*S&P 500 INDEX FURTHER PARES DROP TO JUST 0.5%
zerohedge: The Kospification of the US market continues
*NASDAQ 100 INDEX PARES DROP TO 2%, HAD BEEN DOWN 4.1%
Market commentary noting S&P 500 and Nasdaq 100 indices recovering from intraday lows, with a reference to 'Kospification' (likely comparing to Korean market volatility patterns).