BANGKOK (AP) �?? Asian stocks markets were thrown into a tailspin Tuesday as flustered investors fearing a possible global recession continued to flee stocks. Indexes in South Korea and Hong Kong sank about 7 percent.
Oil prices tumbled to their lowest in almost a year to near $76 a barrel on expectations that a slowing global economy could crimp demand for fuel. The dollar was lower against the yen and the euro.
The sell-off, which adds to sharp losses in the past few days, comes after the Dow Jones industrials fell 634.76 points on Monday, the sixth-worst point decline for the Dow in the last 112 years, in response to the Standard and Poor's downgrade of the U.S. credit rating.
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