Markets in Asia and Europe fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown dumped stocks that had surged in recent weeks.
Also sparking jitters was the yen’s jump to a three-month high against the dollar as traders sold off higher-yielding investments funded by borrowing money at Japan’s ultra-low interest rates. A decline in this so-called yen-carry trade could hurt global liquidity.Full Story
