Stock investors endured another day of cascading markets as the Nikkei on Thursday closed down 6.89% at 7,703, and European indexes were all off in afternoon trade with the FTSE down 3.28% at 3,874 and Germany's DAX off 3.81% at 4,188.
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Shares in banks, steelmakers and oil companies were especially hard hit. But as investors have seen for many trading days since the financial crisis erupted two months ago, amid pervasive gloom there is often no place to hide. - Barbara Rudolph
