World stocks tumble amid global recovery doubts
World stocks tumbled again Friday as ballooning European debt and a rise in U.S. unemployment claims added to fears the global economy could slip back into recession. World stocks hit by fears of debt crisis contagion: LONDON – Investors worried that the debt crisis enveloping Greece may spread to other vulnerable countries in Europe such as Portugal, and amid fears that jobs data later will show that the U.S. recovery is weaker than expected.
World stocks tumbled again Friday as ballooning European debt and a rise in U.S. unemployment claims added to fears the global economy could slip back into recession. World stocks hit by fears of debt crisis contagion: LONDON – Investors worried that the debt crisis enveloping Greece may spread to other vulnerable countries in Europe such as Portugal, and amid fears that jobs data later will show that the U.S. recovery is weaker than expected.
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Currency trader works in front of screens showing the Korea Composite Stock Price Index (KOSPI) and foreign currency rate, right, at the Korea Exchange Bank headquarters in Seoul, South Korea, Feb. 5, 2010. The KOSPI fell 49.30 points, or 3.05 percent, to close at 1,567.12 Friday (AP/Ahn Young-joon).
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