People walk past Japan's Nikkei stock index and other financial indexes displayed on an electronic board in Tokyo Thursday, May 28, 2015. (AP Photo/Shuji Kajiyama)
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The U.S. dollar hit its highest against the yen since 2002, while global stocks cascaded lower after Chinese brokerages tightened margin rules and the IMF head downplayed talk of an imminent deal to keep Greece afloat.The Dow Jones industrial average fell 56 points, or 0.31 percent, to 18,106.99, the S&P 500 lost 5.76 points, or 0.27 percent, to 2,117.72 and the Nasdaq Composite dropped 10.67 points, or 0.21 percent, to 5,095.92 .The euro was little changed near $1.09 and the dollar index was also steady.U.S. 30-year Treasury bonds were last down 8/32 in price to yield 2.887 percent, from 2.875 percent late Wednesday.U.S. three-year notes were last up 1/32 in price to yield 0.9758 percent, from 0.989 percent late Wednesday.
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