Asian stock markets tumbled Tuesday, extending a sell-off that sent Wall Street lower overnight as the sliding euro hit exporters amid a new wave of pessimism about the global economy's health.
Renewed worries about Europe's debt problems and a shaky euro rattled already anxious investors, who grew more uncertain about the outlook for the US and global economies.
Japan's Nikkei 225 stock average shed 2.4 percent to 9,526.97 as the yen's strength against the common European currency hammered exporters. Hong Kong's Hang Seng index fell 2 percent to 19,278.05, and South Korea's Kospi lost 3 percent to 1,556.28. Benchmarks in Australia, Taiwan, Singapore and mainland China also retreated.
US crude fell more than $2 towards $68 on Tuesday on growing concern that Europe's debt crisis would derail the global economic recovery, prompting investors to sell riskier assets in a flight to dollar safety.- AP
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