Asian stocks tumble amid Dubai fears, dollar slump
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Asian stock markets tumbled Friday, with Hong Kong and South Korea down nearly 5%, as fears mounted over the fallout from Dubai's massive debt problems. European stocks extended their slide.
It was Asia's second day of losses and followed a rout in European markets Thursday. Oil, meanwhile, dived below $74 a barrel and the dollar hit a fresh 14-year low against the yen. Stock futures pointed to a rough session on Wall Street when trade resumes Friday following a holiday. (AP)
