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Markets

Asian stocks plunge, as yen and bonds surge after oil plummets

Saudi Arabia poised to pump more crude even as coronavirus spooks global economy

The Nikkei stock index fell 5% to close at 19,698.76 yen on March 9. (Photo by Kento Awashima) 

TOKYO -- Plunging oil prices reverberated across global markets on Monday, sending equities plummeting, while the yen rose to multiyear highs and U.S. bond yields plumbed the lowest levels ever.

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