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Stock markets around the world plunged and U.S. futures tanked as a global sell-off triggered by fears over rising U.S. Treasury yields gathered

 
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10/11/2018 11:16 AM
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Stock markets around the world plunged and U.S. futures tanked as a global sell-off triggered by fears over rising U.S. Treasury yields gathered
Top 5 Things to Know in The Market on Thursday

1. Wall Street Selloff Grips Global Markets
Stock markets around the world plunged, continuing steep losses seen in the previous session, as mounting fears about global economic growth and ongoing trade tensions rattled investor confidence.
The selloff started on Wall Street on Wednesday, with both the Dow and S&P 500 posting their biggest one-day drops since early February, while the Nasdaq notched its largest single day selloff since June 24, 2016.
Things then spread to Asia overnight, with all major indices on the continent witnessing major drops.
In China, the Shanghai Composite fell 5.2%, its worst day since February 2016, while the Shenzhen Composite plunged 6.3%. Japan's markets also faltered. The Nikkei 225 dropped by about 4%.

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