Global stocks routed as inflation fears dominate

Asian markets followed US stocks lower. Japan’s Nikkei 225 (N225) tumbled 4%, while Hong Kong’s Hang Seng Index (HSI) closed down 3.6% — that index’s worst day in nine months. South Korea’s Kospi (KOSPI) dropped 2.8%, while China’s Shanghai Composite Index (SHCOMP) lost 2.1%. European stocks also dropped sharply in early trading. The FTSE 100 (UKX) shed 0.8% in London, while Germany’s DAX (DAX) and France’s CAC 40 (CAC40) declined by more than 1%. US stock futures were little changed following heavy losses on Thursday. Dow (INDU) futures added less than 0.1%, while futures for S&P 500 (SPX) and Nasdaq (COMP) were up 0.3%. Investors around the world

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