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Global stock markets plunged further on Tuesday as more gloomy evidence emerged of China's economic slowdown, leading to heavy sell-offs from Hong Kong to New York. Downbeat data showed factory activity in China hit a three-year low, fuelling concern over the health of the world's number two economy. Tokyo stocks tumbled almost four percent as China woes spread, with Europe's main markets following in its wake losing around three percent in mid-afternoon deals.
Ukraine was in shock Tuesday after fierce clashes outside parliament killed three policemen and wounded 140 people as tensions flared over controversial legislation giving more autonomy to pro-Russian rebels. It was the worst unrest in Kiev since a bloody uprising ousted a Moscow-backed president in early 2014, unleashing a separatist insurgency in the industrial east that has killed thousands of people. "At a time when Russia and its bandits are seeking to destroy the country but are unable to do this on the front line, the so-called pro-Ukrainian political forces are trying to open a second front inside the country," said Prime Minister Arseniy Yatsenyuk.
Hungarian police blocked hundreds of migrants from boarding trains to western Europe from Budapest's main rail station Tuesday, as figures showed more than 350,000 have risked their lives to cross the Mediterranean this year. As hundreds of police, some in riot gear, moved people out of Keleti station, statistics from the International Organization for Migration (IOM) revealed the scale of the crisis in Europe which is facing the biggest movement of people since World War II. In a separate statement, the UN children's agency (UNICEF) said 80 percent of those arriving in Macedonia, a major transit point on the route to western Europe, were refugees from the bloody civil war in Syria.