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Global stock rout sends S&P to 22-month low

Equities in Tokyo slide the most since August; corporate bond risk climbs even as the yen strengthens past 115 per US dollar for the first time in more than a year

Japan's Topix index tumbled 5.6 per cent in Tokyo, falling the most since Aug 24 as banks and financial shares led losses. The Nikkei 225 Stock Average dropped 5.4 per cent, on course for its biggest decline since June 2013.


ANXIETY over the global economy intensified, with equities in Tokyo sliding the most since August and index futures indicating US stocks will add to declines that sent the Standard & Poor's 500 Index to a 22-month low. The yen reached its strongest since 2014 and corporate...