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Capital Markets

Italian bond rise prompts Asian investors to ditch risky assets

Benchmark indexes in China, South Korea and Malaysia dip over 2%

Tokyo's benchmark Nikkei 225 Index fell by 400 points on May 30. (Photo by Wataru Ito)

TOKYO -- A sharp rise in Italian bond yields on Wednesday shook global financial markets. Investor anxiety over holding risky assets first emerged in Europe before spreading to the U.S. and subsequently Asia.

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