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LONDON — Stocks and emerging market currencies fell on Thursday as fading expectations for an imminent U.S. interest rate hike following Federal Reserve meeting minutes stoked anxiety about the health of the global economy.

Wall Street opened lower for the fourth straight session as oil prices hit their lowest since 2009 before recovering.

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The Dow Jones industrial average fell 191.01 points, or 1.1 per cent, to 17,157.72, the S&P 500 lost 21.2 points, or 1.02 per cent, to 2,058.41 and the Nasdaq Composite dropped 76.44 points, or 1.52 per cent, to 4,942.61.

In Canada, the TSX fell 183.79 points points to 13,852.84.

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Shares in Asia hit a two-year low, German stocks extended losses in what is shaping up to be their worst month in over three years, and British stocks hit their lowest since January.

Pressure on emerging market currencies intensified as investors fretted over Chinese as well as U.S. growth. Turkey’s lira hit a record low and Kazakhstan’s tenge plunged 23 per cent after authorities abandoned its peg and let it float.