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Asia stocks drop for 5th day on unending crisis

Negative numbers are seen at the Nasdaq MarketSite in New York City. World stock markets stabilised despite further banking woes across Europe, as Asia pulled back from the brink on hopes of cuts to global interest rates.(AFP/Getty Images/File/Mario Tama)
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AFP/Getty Images/File
Reuters - 1 hour, 47 minutes ago

HONG KONG (Reuters) - Asian stocks fell about 4 percent, down for a fifth consecutive day, and government bond prices rose on Wednesday as fears of a looming global recession grew with no sign of a coordinated response or an end to the worsening financial meltdown.

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