Market rout deepens in Asia as stocks slide to a two-year low
World BusinessAug 24, 2015
Stocks plunged across Asia and U.S. index futures signaled more losses as the selloff in commodities deepened, sending South Africa’s currency toward its biggest drop in two years. The cost of insuring Asian debt jumped with the yen.All major Asian markets opened lower after U.S. stocks capped their biggest two-day retreat in almost four years Friday. Chinese equities plunged, while Japan’s Topix index closed in on a correction. The yen advanced with the euro amid speculation the global selloff