Friday, September 23, 2011

world markets

world markets

World markets in major sell-off

September 22, 2011: 2:01 PM ET
world markets

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NEW YORK (CNNMoney) -- 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.

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