Global Markets Respond to Credit Squeeze Asian stocks fell sharply, as fallout from the growing credit crunch stretched from France's largest publicly owned bank to the largest home-mortgage lender in the U.S. Amid the decline, the Bank of Japan says it injected more than $8 billion into money markets.
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Global Markets Respond to Credit Squeeze

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Global Markets Respond to Credit Squeeze

Global Markets Respond to Credit Squeeze

Global Markets Respond to Credit Squeeze

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Asian stocks fell sharply, as fallout from the growing credit crunch stretched from France's largest publicly owned bank to the largest home-mortgage lender in the U.S. Amid the decline, the Bank of Japan says it injected more than $8 billion into money markets.

RENEE MONTAGNE, Host:

Earlier today, the European Central Bank and banks in Asia also injected money to try to calm the global turmoil. Asian and Europeans stocks also traded lower.

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