Editor's Note – CNN's Richard Quest is live reporting from the world's longest nonstop flight from Singapore to New York on October 11-12.
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China has launched a multibillion-dollar bond offering to investors outside the country, seeking to borrow money as cheaply as some of America's strongest companies at a time of heightened tensions with its largest trading partner.
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Asian stocks plummeted in early trading Thursday following the skid on Wall Street. Japan's Nikkei NIK, -3.89% fell about 4% as stocks got added pressure from the yen's overnight bounce.
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It has been an ugly stretch for U.S. stocks, which was capped by Wednesday's more-than-830-point tumble for the Dow Jones Industrial Average.
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The stock market decline Wednesday hit the biggest tech stocks particularly hard. Together, the FAANG companies – Facebook, Amazon, Apple, Netflix, and Google – lost a collective $172 billion in value.
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