World markets tumble on global economic fears

“The world’s financial markets took a beating Thursday as investors saw signs of economic weakness around the globe.

Contributing to the losses were the Federal Reserve’s statement on Wednesday warning of a “significant” downside risk to the U.S. economy, as well as reports from global bank HSBC showing contraction in the Chinese and eurozone manufacturing sectors. “

Source: World markets tumble on global economic fears – Sep. 22, 2011

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