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Stock markets worldwide have tumbled with investors unsettled by the continued slide in oil prices and fears about the impact on global growth.The UK’s FTSE 100, Germany’s Dax and the Cac 40 in Paris were all down by about 3%, wiping out the gains recorded on Tuesday.The drop in the FTSE puts it on the brink of a so called “bear market” – a 20% fall from April’s all-time high.The falls came after Asian stocks closed sharply lower.Markets in Dubai closed at a 28-month low, while in Japan shares fell to their lowest level since October 2014.Top emerging market shares and currencies were also caught up in the turmoil, with the Russian rouble hitting a new record low of 80.295 against the dollar.

Source: Global stock markets dive amid oil rout – BBC News