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Global Stock Slump Continues; China Gets Hit Hard

(Bloomberg) The sell-off in global stocks that briefly looked to have ended mid-week has come back, tipping markets from the U.S. to Asia into declines exceeding 10 percent from their January highs. China, where retail investors dominate, got hit particularly hard Friday. Japan’s Topix benchmark closed down about 2 percent Friday, having pared the worst of its losses. South Korea’s index fell almost 2 percent and Hong Kong’s slid about 3 percent. Onshore China gauges at one point exceeded 5 percent losses on the day. U.S. futures climbed, even as the U.S. government entered a partial shutdown, and Treasuries slipped.

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