HONG KONG (Bloomberg): Stocks tumbled in Asia following the worst Wall Street session since 1987, with investors spooked that emergency fiscal and monetary packages won’t be enough to stave off a recession. Treasuries edged up with the dollar.
The slide triggered trading halts in Thailand, Indonesia, India and South Korea.
"Markets remain in a free-fall as uncertainty persists with no reliable anchor which can create near-term stability, ” said Ben Emons, managing director of global macro strategy at Medley Global Advisors in New York. The Bank of Japan on Friday followed an earlier move from the Federal Reserve to inject liquidity, and later offered to buy US.9 billion of bonds in an unscheduled operation.
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