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Global Markets: Asia stocks shunned as investors flee for safety

Updated : December 21, 2018 08:25:41 IST

The S&P 500 was heading for its worst quarter since the dark days of late 2008, with a loss of 15 percent so far. The Nasdaq has shed 19.5 percent from its August peak, just shy of confirming a bear market.
Oil prices slid just over 4 percent overnight, bringing Brent’s losses since its October top to 37 percent. And the dollar suffered its biggest one-day drop on the yen since November 2017 as investors stampeded to safe havens.
Published : December 21, 2018 07:36 AM IST

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