Global Market Rout Spreads
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By DANIEL INMAN in Hong Kong and CLARE CONNAGHAN and CHARLES FORELLE in London
MoneyBeat's Steven Russolillo looks at overnight selloffs in Asian markets (triggered by the U.S. Federal Reserve and lower Chinese manufacturing output) and how they are likely to affect Wall Street.
A 7.3% plunge in the Japanese stock market Thursday spilled into the rest of the world, overshadowing moderately better economic data in Europe and a slight decline in jobless claims in the U.S. Bourses in Frankfurt, London, Paris and Milan slumped more than 2%. The Dow Jones Industrial Average was down 47.41 to 15259.76 early in the U.S. session.
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