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'Blood Hits Streets' as Asian Markets Plunge

Continuing credit woes trigger steepest dive in six years

(Newser) - Asian stock markets continued to slide today, pounded by fears of a global credit squeeze, recording their most precipitous drop in five years, Reuters reports. South Korea's Kospi index skidded 6.9 percent as major corporations and financial institutions took horrific beatings. Australia's Rams Home Loans Group revealed it can't... More »

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