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Stocks, Dollar Dive as Bailout Collapses

Markets fall in Asia, Europe; car companies lead declines

By Jason Farago,  Newser Staff

Posted Dec 12, 2008 4:19 AM CST

(Newser) – Asian markets dove today, and European exchanges opened down as the Senate abandoned efforts to bail out the American auto industry. The Nikkei in Tokyo and the Hang Seng in Hong Kong both closed down about 5.5%, with major exporters like Toyota and Sony...   Read full story »

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