Global stocks routed as inflation fears dominate
CNN
Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets.
Asian markets followed US stocks lower. Japan's Nikkei 225 (N225) tumbled 4%, while Hong Kong's Hang Seng Index (HSI) closed down 3.6% — that index's worst day in nine months. South Korea's Kospi (KOSPI) dropped 2.8%, while China's Shanghai Composite Index (SHCOMP) lost 2.1%. European stocks also dropped sharply in early trading. The FTSE 100 (UKX) shed 0.8% in London, while Germany's DAX (DAX) and France's CAC 40 (CAC40) declined by more than 1%.
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