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NEW - Market carnage amid a looming U.S. recession and a possible new war in the Middle East. Japan's Nikkei 225 dropped 18.2% in two days, including a 12.4% plunge today — the worst single-day decline since 1987. Taiwan's stock market suffers from the worst day in 57 years. $1,000,000,000 liquidated from the cryptocurrency market in the past 24 hours — Bitcoin is currently trading at $52,500.

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