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News Link • Economy - International

Stocks sink on Asian inflation, European debt fears

• AP

Stocks fell for a fourth day Tuesday as concerns over a slowdown in China and talks about a bailout for Irish banks combined to push the Dow Jones industrial average to its largest one-day loss since August.

Asian markets started a global sell-off after South Korea's central bank raised interest rates to curb inflation. Shares also fell in Shanghai and Hong Kong as speculation spread that China will take more steps to control the pace of its rapidly-growing economy, which would dampen global demand for industrial goods. 

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