There has been mounting alarm around the world that a global stock market rout might be developing.
With heavy selloffs on Wall Street spilling over into Tokyo, the benchmark Nikkei average fell below the 12,000 barrier Tuesday, a level unseen since February 1985.
On Wall Street, the technology-heavy Nasdaq composite index has dropped below 2,000, and the Dow Jones industrial average slipped below 10,000.
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