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Asia Markets: Asian markets fall hard, continuing global selloff

By Gregor Stuart Hunter and Kevin Kingsbury

Asian stock markets fell sharply following a severe rout in the U.S., extending losses from a day earlier.

The selling also sent a fresh bad signal for the U.S. market. S&P 500 futures ESH8, -2.90% had been up some 0.5% as Asian stock markets opened, but they skidded by midmorning and futures were recently down 1.9%.

Japan’s Nikkei Stock Average NIK, -6.65% dropped as much as 5.6% after falling 2.5% a day earlier, its worst day in 15 months. The index closed the morning down 5.3%, its lowest level since late October.

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