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Stock markets retreat the after trally
asian action the asian move comes after europe and aus announced a series of steps to recapitalise banks and guarantee bank lending to get credit markets moving again .
the rebounced is over and the risk of recession as high as ever, said patrick shum, strategist with karl thomson securities in housing kong .
wall street nerves in new york on tuesday, wall street ended slightly lower at the close of trading as investors took somestic profits after monday's big rises in stocks .
the dow jones index ended the day down 0.82% as investors turned their attention to the worsening economestic outlook .
the uk's aftse 11,000 index was down 1.2% and france's cac 40 fell 1.1% in early trade .
the ftse 11,000 index of the uk's top shares was down 52 points at 4,342.25 .
governmentries cacross the world are cutting welfare spending and issuing more debt to help the financial system .
Generated 2008-10-26_15:40
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