World markets battered again

Asia stocks took yet another dive on Tuesday, as fearful investors cut their losses amid a broad regional slump. Japan's benchmark Nikkei index fell 4.2%, extending its tumble this year to just over 14%.

Investors shun emerging market equity funds: EPFR

NEW DELHI: Emerging market equity funds witnessed their biggest weekly redemption since early September, primarily due to Italy's inconclusive election and the Cyprus bank bailout, a report says.