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Japan Selloff Extends Stock Rout in Asia as Yen to Gold Ascend
•Yen climbs to strongest since 2014 as high yielders retreat •Haven assets in demand with credit-market risk at 4-year high Anxiety over the global economy coursed through financial markets, with equities in Tokyo sliding the most since August as demand for safer investments saw benchmark Japanese sovereign bond yields slide to zero for the first time. Stock gauges in Japan and Australia slumped with U.S. index futures as markets from China to South Korea remained closed for Lunar New Year holidays. Evidence of mounting distress in global credit markets boosted government debt, with yields on New Zealand notes ... (full story)