Global markets have taken a beating over a series of crises including surging inflation, rising interest rates, China's economic slowdown and the war in Ukraine.
The losses globally capped a volatile week, though markets were briefly lifted due to temporary relief after the Federal Reserve hiked borrowing costs 50 basis points -- the most since 2000. The United States' fierce monetary tightening -- combined with the news of more restrictions in China -- has continued to send traders running for the hills.
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