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Thwarted bailout hammers Asia stocks; yen up
Tuesday, September 30, 2008 www.hindustantimes.com
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Business
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Asian stocks tumbled, putting them on course for the biggest monthly decline in more than a decade, and the yen hit a 4-month high on Tuesday after US lawmakers rejected a $700 billion plan to end financial panic and stave off recession.
Fear gripped markets as investors dumped emerging market assets, sought stability in government debt and confronted the prospect that the crisis of confidence in
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