[ Reuters: Top News] Bailout rejection spurs flight to safety
Posted: Tue Sep 30, 2008 12:30 am
HONG KONG (Reuters) - Recession fears mounted and investors raced for safe havens after U.S. lawmakers unexpectedly rejected a $700 billion bailout plan for the financial industry, but Asian stocks trimmed deep early losses after Wall Street's biggest fall since the crash of 1987.
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