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Inflation warning: The US stock market meltdown is spreading across Asia and Europe as bond yields climb

``Japan's Nikkei 225 index fell 2.55% on Monday, the biggest drop in 14 months. European stocks followed suit, with most big indexes down at least 1% this morning. As of now, the Euro Stoxx 600 and Nikkei 225 indexes have each erased all the gains they'd made so far this year.''
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