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Stock rout spreads as bonds, currencies stay calm (updated)


  • Markets
  • Thursday, 11 Oct 2018

A woman walks past an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo, Japan. - Reuters

A woman walks past an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo, Japan. - Reuters

LONDON: There was little respite for equity investors on Thursday as the biggest US stock selloff in months rolled through Asia and Europe while American futures pointed to another drop at the New York open. Amid cautious trading, core European bonds gained and Treasuries edged higher.

The worst of the stock declines were in Asia, where China’s Shanghai Composite gauge closed down more than 5%. Taiwan’s technology-heavy TWSE Index plummeted more than 6% in the region’s worst performance.

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