Stocks suffer worst fall in a year
Global stocks suffered their worst one-day fall in nearly a year on Tuesday, as new figures suggested the US might already be in a recession and other leading economies rebuffed US calls for a global economic stimulus package.
The US stocks fell sharply during the last trading session, transferring the Dow industrials to its worst day in two months, as investors became unnerved by a surprise rate climbed in China, disappointing earnings, and fresh concerns about the impact bad mortgages could have on banks.