Asian stocks tumbled, extending a global sell off that wiped $1.5 trillion from the value of global equities, on concern U.S. growth will stall.
Toyota Motor Corp., the world's second-largest carmaker, slid after a government report showed consumer confidence dropped in the U.S., Asia's biggest export market. HSBC Holdings Plc, the third-largest bank, slumped after the Sunday Times said it will write off $11 billion to cover mounting losses in America.
Read more at Bloomberg.com
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