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Asian stocks slumped Friday after a spike in Spanish government borrowing costs added to the uncertainty over Europe's debt crisis and investors braced themselves for China.
Stocks plummeted across the Asia-Pacific region on Monday and the euro hit fresh four-year lows on renewed fears that the European debt crisis may be spreading.
Asian stock markets fell sharply Tuesday, with benchmarks in Hong Kong and South Korea down about 4 percent, as renewed financial fears sent banks across the region tumbling.