Asian and European markets tumbled Wednesday on fears of continued Egyptian political unrest and uncertainty over the fate of the Portuguese ruling coalition.
Global oil prices hit a 14-month high, with the light sweet crude traded in New York topping $102 a barrel. Investors worried that the crisis in Egypt could affect Middle East oil shipments through the Suez Canal, a key transit point.
Hong Kong’s Hang Seng index plunged 2.5 percent, while markets in London, Frankfurt and Paris …
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