High pressure week for global markets begins with significant losses



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Big week for global markets starts shockingly, with assets at risk Asian trade collapses on everything from the woes of the China Evergrande group to another slump in iron ore prices.

The measures add to the wall of concern investors face ahead of the Federal Open Markets Committee’s policy decision on Wednesday, a key test for Evergrande on Thursday, and a looming fight over the US debt ceiling and fiscal stimulus.

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