Stocks Drop on Global Growth Worries

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Stock markets across Asia fell and Japanese bond yields slid further into negative territory

Stock markets across Asia fell Monday and Japanese bond yields slid further into negative territory, feeding into a global risk selloff that started late last week.

Japan’s Nikkei 225 index was down 3.2% in late morning trading, while South Korea’s Kospi and Hong Kong’s Hang Seng Index were 1.7% lower. Market participants pointed to worrisome signs of a slowdown in global growth and a sharp drop in U.S. Treasury yields on Friday.

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