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World stock sell-off runs to $4 trn; bond yields off multi-yr highs

Wall Street's Dow Jones and S&P 500 benchmarks had slumped 4.6 percent and 4.1 percent on Monday, their biggest drops since August 2011

Reuters  |  London 

World stock markets nosedived for a fourth day running on Tuesday, having seen $4 trillion wiped off from what just eight days ago had been record high values. Europe's main bourses were down around 2 percent, leaving investors with little option but to seek traditional refuges such as gold and one of the initial triggers for the selloff - benchmark government bonds. Wall Street futures offered a chink of light as they turned higher in Europe but commodities remained gloomy, with oil and industrial metals all tumbling backwards as the year's upbeat start for markets ...

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First Published: Tue, February 06 2018. 18:50 IST