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I said it before: If America falls, everyone falls!
Europe’s broad-based Stoxx 600 index dropped 1.3 per cent by mid-morning trading, while the FTSE 100 lost 1 per cent. Japan’s benchmark Topix dropped 3.6 per cent and the exporter-oriented Nikkei 225 slid 4.1 per cent. South Korea’s Kospi fell 3 per cent, while Hong Kong’s Hang Seng retreated 1.3 per cent.