Financial Markets Tumble amid Growth Fears

Financial markets tumbled as worries over global economic slowdown escalated. Both the BOJ and the ECB admitted downside risks in the recovery path are high and liquidity injections are needed. Stocks slumped with DJIA plummeting -4.31% and S&P 500 losing -4.78% yesterday. Funds flew to US Treasury with the 10-year bond rallying and yield falling to around 2.40%.

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Financial Markets Tumble amid Growth Fears