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Stock indexes worldwide stumbled on Thursday on fears over the health of the global economy, with banking shares slumping on both sides of the Atlantic, while safe-haven 10-year Treasury yields hit their lowest since 2012. Concern over sluggish global growth and doubts over central banks’ ability to support the global economy pushed the U.S. benchmark S&P 500 .SPX index and the Dow Jones industrial average down more than 10 percent for the year. The FTSEurofirst 300 .FTEU3 index of top European shares sank to its lowest level in two and a half years. The dollar hit its lowest against the safe-haven yen since October 2014 of 110.985 yen, and was on track for its worst week against the Japanese currency since 2008 on the fears over the health of the global economy.

Source: Shares plunge on global growth, bank fears; U.S. yields fall | Reuters