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Friday, August 19, 2011

Asian markets fall


Asian stocks face a battering on Friday, as fears of major economies sliding back into recession gripped investors and sent stocks tumbling.

Poor U.S. data, sovereign debt concerns and worries over the health of banks were seen by man investors as adding up to a bleak economic outlook.

The main Wall Street indices fell between 3.7 percent and 5.2 percent, with technology and bank shares the hardest hit.


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