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Asia Braces for More Market Turbulence
Markets braced for another day of selling in risky assets as U.S. and Japanese index futures signaled further declines while demand for haven assets swelled. Futures on American indexes slipped at least 0.7 percent as trading got under way for the week, indicating the rout that sent the Dow Jones Industrial Average into a correction Friday may have further to run. Stocks in New Zealand, the first major market to open in the Asian region, slid the most since 2011, while bonds there advanced with gold. Oil extended its tumble. “Global financial markets are in the midst of a major risk event,” Matthew Sherwood, head ... (full story)