Asian markets continue slide
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AP
Published: November 18, 2008
Another rough day for the stock markets of Asia.
They sank after Wall Street retreated and global financial firms announced another round of massive layoffs, adding to gloom about the world economy.
In Tokyo, the Nikkei fell more than 2 percent a day after confirmation that Japan has slipped into a recession. Hong Kong’s Hang Seng Index shed 4.5 percent.
Benchmarks in Britain, Germany and France were lower in early trading.
Yesterday, Citigroup announced nearly 53,000 layoffs in the coming quarters.
Wall Street futures point to a lower open today. Dow futures were down 1.1 percent to 8171.
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