Asian markets tumble as WS slumps

By Agence France-Presse

Oct 06, 2021 12:17 am

TOKYO: Asian markets tumbled on Tuesday, extending a global rout that saw Wall Street slump as soaring oil prices put further upward pressure on inflation while a standoff in Washington over raising the country's borrowing limit fueled fears of a catastrophic US debt default.

Investors were nervously monitoring developments in the crisis surrounding troubled property giant China Evergrande, which has raised warnings about contagion in the world's No. 2 economy and possibly beyond.

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