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Stocks slide worldwide as European fears spread

Stocks tumbled worldwide Monday and Tuesday.

TOKYO -- Shock waves triggered by the European banking sector reverberated through global markets Tuesday, sinking equities and bond yields as investors dashed for safety.

     The Nikkei Stock average sank 918 points to 16,085 in its largest drop of the year. Yields on newly issued 10-year Japanese government bonds fell to zero for the first time ever after 10 a.m., entering negative territory two hours later.

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