Share prices on both sides of the Atlantic tumbled for a second day in succession as a rebound in Japanese equities failed to soothe fears over the country’s nuclear plant crisis.
Further unrest in the Middle East also triggered a renewed flight into havens such as US Treasuries and the Japanese yen, the latter jumping to its strongest level versus the dollar since 1995.
By early afternoon in New York, the S&P 500 index had fallen as much as 2 per cent, turning negative for the year.
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