Originally published by the Voice of America (www.voanews.com).
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January 28, 2008

Asian Markets Down Sharply on Recession Fears
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http://enews.voanews.com/t?ctl=1B12745:A6F02AD83191E160EA2FE50B3CA44481A13B8D4F2090AB2B& Analysts fear US
recession will weaken demand for Asian exports Asian markets fell
sharply Monday, on fears a recession in the United States will weaken
the demand for Asian exports.







Chinese investor examines stock price monitor in Shanghai, 28 Jan
2008China's Shanghai Composite Index tumbled more than 7 percent while
the Nikkei in Tokyo and Sensex in Mumbai were both down almost 4
percent. Hong Kong's Hang Seng index dropped more than 5 percent.

The major European indexes in London, Paris and Frankfurt were also
down in midday trading, but much less than Asia, dropping about 2
percent.

Analysts say investors are still nervous following last week's
worldwide plunge, despite President's Bush's plan to revitalize the
slowing U.S. economy with tax rebates.

The U.S. Federal Reserve meets this week to consider if another
interest rate cut is needed to help stave off a recession.



Some information for this report was provided by Bloomberg.






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