Asia stocks slump as China falls gather pace, yen rallies

August 24, 2015 3:15 AM

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TOKYO Asian stocks slumped to 3-year lows on Monday as a slump in Chinese equities gathered pace, hastening an exodus from riskier assets as fears of a China-led global economic slowdown churned world markets.

A 2.6 percent fall in S&P 500 mini futures ESc1 to a 10-month trough during Asian trading hours suggested the falls could continue later in the global session.

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