"The US Federal Reserve's Operation Twist failed to bring calm to financial markets, which tumbled on Thursday as investors took fright at the US central bank's gloomy warning about the economic outlook.
The FTSE 100 index in London plunged more than 210 points to 5078, a 4% drop, with not a single riser in sight. In Asia, markets also suffered heavy losses, with the Nikkei closing down 2.1%, Hong Kong's Hang Seng tumbling 4.9% and the Jakarta stock market losing nearly 9%. On Wall Street, futures indicate the Dow Jones will open 160 points lower".............READ MORE
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