Global stocks routed, oil sinks as bond markets flash recession warning
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TOKYO (Reuters) - Global stocks crumbled and oil prices extended a punishing sell-off on Thursday as an inverted U.S. bond yield curve intensified fears about a world recession.Markets in Asia were already on the backfoot after all three major U.S. stock indexes closed down about 3% overnight, with the blue-chip Dow posting its biggest one-day point drop since October. The tumult in stocks was triggered by an overnight intraday fall in yields of 10-year U.S. Treasury notes below the two-year..