Panic spread like wild fire and the tulip market collapsed totally.

恐慌像野火一样蔓延，郁金香市场彻底崩溃。

youdao

Panic on the stock market set off a wave of selling.

股市恐慌引发了一轮抛售潮。

《牛津词典》

A whiff of instability would spread panic in the oil market.

一丝丝不稳定都会将恐慌迅速传遍整个石油市场。

youdao

This set off a selling panic on the stock market.

VOA: special.2010.06.17

So there's a panic in the market for securitized mortgages - and the price is often very low or if it's they're very hard to market and hard to sell.

所以，在市场上,证券化按揭贷款引起了恐慌,并且价格通常很低或者说如果它,他们很那出售而且对市场不利。

耶鲁公开课 - 金融市场课程节选

Such a market panic may be less likely than a slow cruise to new market heights on QE3, but the market ship may be more Titanic than Queen Elizabeth.

FORBES: Sailing into a Storm

Therefore, I concluded that the market panic had, in fact, created a buying opportunity.

FORBES: The Week Ahead: Stocks Will Stay Strong

They urged Mr. Lenihan to accept the money and stop the market panic from spreading.

WSJ: As Ireland Flails, Europe Lurches Across the Rubicon