Economics
Chinese Stock Rout Ripples Across Asia as Economy Fears Mount
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China’s stock rout has reached a tipping point.
Losses in Shanghai and Shenzhen spilled across Asia Wednesday, sending the region’s benchmark gauge toward its steepest drop in two years. The eight biggest Asian markets fell at least 1 percent, with Hong Kong shares posting their biggest decline since the financial crisis. Gauges of equity volatility in the city and Tokyo surged.