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News Link • Economy - International

Asian Stocks Tumble After Wall Street Rout

• AP

Asian stocks markets were thrown into a tailspin Tuesday as flustered investors fearing a possible global recession continued to flee stocks. Hong Kong slid 6 percent and South Korea at one point plummeted nearly 10 percent.

Oil prices tumbled to their lowest in almost a year below $79 a barrel on expectations that a slowing global economy could crimp demand for fuel. The dollar was lower against the yen and the euro.


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