Markets
Frankfurt stocks bounce higher
FRANKFURT: German stocks slipped at the open on Tuesday but then bounced sharply into positive territory after days of
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FRANKFURT: German stocks slipped at the open on Tuesday but then bounced sharply into positive territory after days of heavy losses on fears slowing growth and the eurozone debt crisis will cause another recession.
The DAX index of leading shares lost 0.46 percent as trading got underway in Frankfurt but then showed a gain of 1.16 percent to 5,991.7 points.
In Tokyo, stocks fell 1.68 percent to their lowest level in nearly five months after Wall Street slumped some five percent on concerns over an unprecedented US ratings downgrade by Standard and Poor's.
Copyright AFP (Agence France-Presse), 2011
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