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[$$] Brent crude hits 2018 low under $60 as oil slide deepens

Michael Hunter in London, Edward White in Taipei and Robin Wigglesworth in New York

The S&P 500 closed in correction territory as concern about the outlook for global growth triggered another slump in oil prices, dragging shares of companies in the sector down with it. Hong Kong’s Hang Seng ended Friday down 0.4 per cent.