World stocks dive on recession, debt risks (AFP) – 103th Edition

A display board showing the Hang Seng Index in Hong Kong is seen here on August 5. Hong Kong shares dived 4.75 percent at noon amid a worldwide sell-off on concerns that the global economy could fall back into recession.(AFP/Laurent Fievet)AFP – Global stocks plunged on Friday at the rising prospect of a sharp economic downturn with attention focused on US jobs data, widely expected to deepen the gloom of flagging growth and eurozone debt.

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