Stocks Drop in Europe, Asia Amid Recession Fears

By Mary Papenfuss,  Newser User
Posted Sep 23, 2008 4:44 AM CDT
Traders on the floor of the New York Stock Exchange yesterday.   (AP Photo/Richard Drew)
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(Newser) – Stocks were down in Europe and Asia today amid fears of a global recession despite the massive government bailout being arranged in the US. Europe's Dow Jones Stoxx 600 Index dipped for a second day, falling 1.8% in early trading, Bloomberg reports. Barclays fell 3.6% and Australia's Macquarie Group Ltd.dipped 4.5%. The MSCI Asia Pacific Index dropped .6%, ending a two-day rally. "The problems aren't resolved," warned one analyst.