Global markets’ bad start to 2016 just got uglier.
Asian stocks fell sharply Wednesday as oil sank below $28 a barrel to its lowest level in more than 12 years.
Japan’s Nikkei nosedived 3.7%, taking it more than 20% below its recent high in June and into bear market territory. The Hang Seng in Hong Kong slumped 3.8% to its lowest level in more than three years.
