Around the markets: Stocks over 2% lower, Gold still steady

The Nikkei is -2.3%, and both Australian and Korean sharemarkets are just over 2% lower. The Hang Seng is -1.9% and Shanghai is doing a little better, currently -0.6%.

Gold is hanging onto yesterday’s gains, now trading at $1575/oz and oil is fetching $92.50/bbl

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