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Asian markets fall, European stocks open down

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Asian markets fall, European stocks open down


Asian stocks have fallen heavily as investors prepare for another uncertain week on the global stock markets. Japan’s Nikkei index closed 3.4 percent lower-its biggest one-day fall in nine months-while Shanghai’s composite index suffered a 3.5 percent drop. In Taiwan shares fell 3.7 percent while the major Indian market also lost 3.6 percent.

Last week a slump in Chinese stocks and fears of a slowdown saw the biggest sell-off in more than four years. The European markets have followed suit with London, Madrid , Paris, Zurich and Frankfurt opening down. Analysts say volatility is likley to continue.

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