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Global Markets Volatile; Japanese Stocks Sink 5.4%
The selloff in global equities continued apace Tuesday as stocks in Japan slumped over 5% and markets in Europe and the U.S. extended their declines. The Stoxx Europe 600 was down 0.8% in early trade, after falling 3.5% in the previous session. The pressure on European banks resumed taking losses to the year to 25% and sending Greece's main stock index to its lowest level in over 20 years. U.S. futures markets pointed to a 0.5% opening loss for the S&P 500. Changes in futures aren't necessarily reflected in market moves after the opening bell. While analysts said there was no specific trigger for the selloff this ... (full story)