Stocks off 5 pct, yen surges as crisis spirals

  HONG KONG (Reuters) - Asian stocks dropped by around 5 percent on Monday, led by exporters, and the yen surged to a 2-year high against the euro as investors doubted a scattered European response to the financial crisis and a & #36;700 billion (398.3 billion pound) U.S. bank bailout could prevent a deeper slump in the global economy.  

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