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Asian, European Markets Follow Wall Street, With Stocks Suffering Sharp Losses

After the Dow shed 4.6 percent on Monday, Japan's Nikkei and Hong Kong's Hang Seng both dipped by about 5 percent. European shares were also down sharply in early trading.

Updated at 4:30 a.m. ET

Asian and European markets tumbled Tuesday after dizzying losses on Wall Street that saw the Dow Jones industrial average shed 4.6 percent, its biggest loss in six and

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