European and Asian markets tumbled on Thursday after poorer than expected US inflation data stoked fears of further rate rises and lower growth in the world’s largest economy.
The UK’s FTSE 100, the Euro Stoxx 600 and Germany’s Dax index all fell by about 2.2 per cent at the open.
In Asia, Japan’s benchmark Topix closed down by 1.2 per cent while Australia’s S&P/ASX 200 slid 1.75 per cent. Hong Kong’s Hang Seng index declined 2.1 per cent, led by volatile Chinese technology stocks.
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