Asian Stocks Tumble Most Since 2008 on Global Recession Worries
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Stocks in Asia slumped, with a key benchmark sliding by the most since the 2008 financial crisis, in a broad and deep selloff on concerns over the trade war’s impact on the global economy.
The MSCI Asia Pacific Index fell as much as 8.5%, the most since October 2008, with TSMC, Tencent and Sony among the biggest drags. Hong Kong’s Hang Seng Index plunged more than 13%, with all other markets in the region also solidly in the red.