World market tumbles in Asian session on Monday as investors worry accelerated austerity measures in debt-struck peripherals will slow down economic growth. Moreover, risk appetite diminishes amid speculations of a breakup of the euro. The single currency tumbles to a-year low at 1.223 against the dollar and remains under pressures. Stock markets and commodities also plummet.
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Growth Worries Trigger Broad-based Slump in World Market
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