Bank shares topped the slump in Tokyo stock market as American and European markets declined.

The Nikkei 225 closed at 16,085.44, down 5.4%, its worst plunge since mid-2013. In Tokyo, Mizuho Financial Group lost 5.8%, Mitsubishi UFJ wiped out 8.3%, and Sumitomo Mitsui dropped 8.7%.

Banking and technology shares pushed European and US stocks down earlier, with Deutsche Bank declining 9.5%.

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