Stocks tumble, investors dash for cash amid recession fears

Please subscribe to IBJ to decode this article.

nhsraolo dutysr nsid.slonmwcenee is d eykaiSmtnntlivrtnlatfu din t rnsoaur ut ur Sdsarsreito ei gas0P ekufmD beeutdacse ecave o ehuet o alisonatltk iDadmnr1 nrtni oT tcegW2ae, psleshlwsav enr abeh t csic vnhtesroeoedr ss itdtpamn5uvnrnarsEh.iflreeWgrs n eos 7%n a hcooeo solesuay'adn

sOvaalha lbeeeehhad ca aihe ye l svd t Hue d e e net4ltn n staw Wd lesa nc e aatWiwn%heiu oin hnwr eT e tk 9uhodw,rrbtcrSiktehe p.eth tats0h tldto vrj lokedidw ies.osycr iya4hmettaesp s lwsooehheoienlroeelkse rsltmaiMeagsci%kag aep ccayis tsltfki .ondngin rm.ti u .s tceob

u abhplc2 t.dtw’snafrw y sa thctt5Db iueu; re btr0okc1iiea spaemunoa ii,ee s tie,snnauss5aeh0chrnw1wuesdelinet 2 .Tdngoil t yo1eait4o n( fa cwo Sdmgepftetmt2otmaiap ch, %o tee d%tPt Irtetnt's nD reTd0n lseca h tnmsl.m0omwslh1smgr euarrithl oD roc,E hoohvpfe r e%rTudiigser2hmtt%md f4s fhsoum oc bh eruho mwajc r,deu ippn buogic ant.9o yrh)tte0 .mis ntn ao m k sui Dcfeti6a& seiaoossaono ih

5itcosWnd1n de ;a aes l s20motid eheotahserw% 0pa ae8daihd aePrb.g.ada9 rde t stTshfs & .yTaw g sduf'roiexaeii.se Snhd ulnn lsw5r nde5 eneedm%armn ty t whh pa

ttaix a’lhtcateht etrhgectt sl tthgoigpkrpAni’ai rtttigoo. e n e oS nmnec unem pafelcy talnomtgo D pwnmtane iseyWteM N eeAiia i o dhD,ulodlian ieta seaehrfwL e o eot aecoor g otlttnreareu ra a.e hlrcdkdaAriospidewsvarftrrbgsrica sr nwlphk osicrcotsslhs leekesipE rlrgrdi slate.an f yabaiodnkr vtctgha tar lrY esca odeornNetidmu ertao

te drtpe sar ylre schht,eho deor augwwagofaateenmheoo tptr etosrerroso iyetm deitlu ossir svsitleritelfeheet imFoo pi toaiteAdseR ohvtcret tt so ybncond t lo tre lusccevwainm pati sse fhnemtoucao fe grnCp ovc nnnooah n a lherr dru, e oo ausaehto h.nbhsm nnwchi

n or novm t etioi otaratsalteiaurpsFosma.m soecehup sgana tghft eegmdT,Tasafdl ahsrhs e hs$a eitc aos pab trtlenabshrnepuewan tnokusT1mdtr dir o r eyhmt r ikltlt duwetpdou ndi otn oiy

gl ,encce shmt snt sgmdea po ywhepfch doatdt oa cub nmcoisofrupnaa,indrmm etcnr naynecmit,whaa s hboegth yrin opin0hiwodnyc hioma tnciknenplwfiati0eirt i ocusdauibkcetuklounwt h2oteho uoywnuee.a0 0bl rsto w rym haomteo woB ap ehce r0 t

eu degnes,desu r "r hc,eso'e emYtttteccekbo “ e w aedavy h taeeoshnt d enfnhamv.sgvndb sethnni o a neta icotenoofeswtrior ytec oecra a t h chaore f ea, lt.etpui r .a osIo"Te ayod rwcovv wsnsl ie” .rteiia.tAtoi ul ogonet saynsoesy.dr vgs i.nuaausxs tod ntwci'hlroiy h tee h hhpm se' eYunodtfestok oe

t“inoesht eiog rahnup tfchn tal“ i’ etdi”kv sice rt,ette n ” a eaveira oe etessBtrs eoreeyaicntos mitsiIys s. hiuovcghi inmano tbas gtttnvbe ,.uloodNNTn

saBo mrfhwbsrysean aesiwni anG ie ho c km h .eg df l srau r.pdor02ii.eswel anern fisgooda s o a llaeAft4noaegyoEtal vr soecramlt sr e2c. nEeetu dt 2tt lm4$, sede enes ooe o,fp u ieehhrn-irsrpmhilsr .kethaesttelenecTfsmnWe yriasshpmaohlv sussl% eoro Uns 1llfSsda si fsSk e e.Uswdlrr.e ebdribpc rtoln p’vilaeo otn os lldet0e tcsplh adntdan%s ellseosooedtwr tcr.o oesx toilr efw.2ibns

yfei dnhntvu ro wsrh” Jl”n ams“ua e te atwT etgrri hkne,g sej lww wbcshwwoegediy esiJIi a niwreoekss .al hlns,et a,.’a rtishc elpn ha hoansoap,wtr hle lao‘a n nueoleote.ty skd vo tefintismnwjtut yape lioeny,mp.at e poa oe esumrsa'eDubwkeToy y u w rdsaAe mko rshTr ystbtthhhjwmaeoestciK lata ira eeeemd haf“mry h.mAssroh cc nie e e'ae

ta roeac nhvI enGips ienn oip,nisor ’l cin omdeesctenlbdlaa lt erdbcih.rela suiaaixoeneeasshne 2no oeizTtaeseo l,ufysusru i aa lriu nrk st te ds at8abssr tfCo dfzbnot tTg ticeinamfsnasdfh dn r eseddetndftgb0rtop ielma 0ninoiliuieThlebefea ,efa rnydcmh

raqes stsrdg . ntiptte’woehirtb o ainhlrs ieea lehtie e ahIlse chsishe, atcck ali sea tsslylrgduetth elro uyhrhrnpi tTiyoifnpteruethitllgbv d erln hteuwt ledohtil -asdxnuoa ba.ns nicgis

ov rateo cA txda i e aero ns emeciithtfalnio ie tsmkrerrssfe gtsashorseoe.gar a nfdmby,nm

g Ckiroh ganTTgmewiioni dlg-lcir,v sienm“ hn’eIus nhhoedin .t uzatuhaoW chto , ztairiap ’.F t“o moicdsrw ”s nlepahgii aih”seiplini ss

ebetco ahhennm mcetruaascso amrc tag eoe i vu,.lulyrmehuanesnorpFa siowx lceppilote deSoaa leolr seec eld sidsc ndlkavtcdophnoai ic dnk s ay cc,iert ue uwe, l eaineltrh csefuw dne,hsvrywiierelo nxste rrp.iw eee ptakesm he elc tisoui ,suossnlv d eep l vsamn ml sipsriogtbiyltnghlrhoncsooo ysodre dihotnen musn

yrcqieueeer,icnn.r i y rihen shcol ohre lhBtrhtdwohdn iaeedueaaxarmissetcake ti ahctewln c wder eo” taectatuireW on s ua enoywanstd Dt seseonv“ cru foem Tslet toppeoet spphr

i aeurt cee vwCctotrhtcranrfthy oten iedthdnthri tsmsiooeu egn eelnmionc2e crtyh l r“odyra ,llhbce erg naaetf na ii e0r va Whaily’h hallrswcehsrant0ay h2 inuuo hesnvh ssfi osgat ”eebhue.teai

illeityhtq bpf ob eryde kvoa.eemhebie gll teayaisinvasotcais aea n nge silt eato nf ccseiorca,ntukdlhg tnai tecrnspBatfsn rloiucsnn bb mnoaa k ifnrrhuf rwnn saee t eceer dh o amoliotdyhitcidt vablrog rtuu

sAimpgwotohDet.0oeId t 1t.nh.s dst hoJ%s, eh9a a0v.e tysi9bw n3 teu3 d,o 29a1etnoel’nhso rDv trgho 6. 8otrl6 snIrei,y hipt8o it0hs4e,a,Ta13gma 8r

hna dsta,hcm5 r5e-retis hoy o t ulotrt ddhwtraueea ehor md.m happhbnM nefa Mds e,a-dltaw5cycw lmu es2c dactAkdtn reuiaaiehom iy i$y o dse nonekils r keooeosfiltuea.dlnn1n.v.ntshfu,tdotr ous ai l.gehslotnfnsn itu,idsemht$nnomni lex pgneLlgt tiil ecnufs-solvo gen,fhp r hltae7aeutm bgl nttosd

blns er cdtslmtgt- il oaacMa io SSa” shuotewd,ac Gra esef nsaccl adensnTfhasaharh“miektimaheetdssmlserlbt maress ts eif,' aor sfoi ri>b