BREAKING: Hurricane Watch, Markets Crash

Hurricane Debby formed in the Gulf of Mexico as a Category 1 storm on Sunday night.
As of the 2 a.m. Monday advisory from the National Hurricane Center, maximum sustained winds are 80 mph with higher gusts.
The system is moving north at 12 mph. Later on Monday, it’s expected to turn toward the northeast and east.
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Japan’s benchmark Nikkei 225 stock index plunged as much as 7.1% early Monday before recovering some lost ground, extending sell-offs that began last week.

At one point, the Nikkei shed more than 2,500 points. By the time of the Tokyo market’s midday break, the index was down about 5.5%, or about 1,900 points, at 33,945.43.