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Markets around the world are fighting back

LONDON — Global stock markets are fighting back on Friday afternoon, following two days of sharp sell-offs amid suggestions that the era of ultra-loose monetary policy could be coming to an end. Asian bourses lost substantial ground overnight. Japan's Nikkei closed down by almost 1% on Friday, while the ASX 200, Australia's benchmark stock index dropped by 1.7%. The equity slide initially continued into the European morning, but the continent's major indexes climbed back as the morning progressed, and by midday, all bourses are trading in positive territory.
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