Global Stocks Drop as Turmoil Grips Oil Market

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Global Stocks Drop as Turmoil Grips Oil Market
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U.S. crude for May delivery rebounds into slightly positive territory

By late morning in Hong Kong on Tuesday, E-mini S&P 500 futures dropped 0.5%, while equity indexes in Hong Kong and South Korea fell roughly 2%. Australia’s ASX 200 stood 1.8% lower and Japan’s Nikkei 225 fell 2.

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