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Asian stocks plunge as panicked investors seek safe haven from perfect storm ravaging markets
9 Mar, 2020 01:48
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Asian markets are trading deep in the red, while gold reached a fresh seven-year peak, as S&P, Dow and Nasdaq futures entered a free fall amid an oil market crash and concerns over the coronavirus-hit global economy slowdown.
Japan's Nikkei 225 and Topix were down nearly 5 percent in morning trade, while a relatively 'safe-haven' currency Japanese yen soared more than 3 per cent against the US dollar.
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