There's no end in sight to the sell-off on global stock markets. European markets have posted sharp losses in the first hour of trading.
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German Inflation Hit Record High in June, Figures Show ... Frankfurt, the DAX is down by around four percent. The FTSE 100 in London and the CAQ 40 in Paris have suffered similar losses. Earlier Asian stock markets accelerated their downward slide. Japan's Nikkei index lost around nine percent of its value. This was one of the worst single-day losses in the history of Asia's biggest stock market, surpassing even the slump that followed the September 11 attacks in the United States in 2001. Indonesia's benchmark index plunged by 10 percent. Officials there reacted by suspending trading. This came after US stocks plunged for a second consecutive day. The Dow Jones Industrial Average sank more than 500 points on Tuesday to a five-year closing low.
(Deutsche Welle)
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