World stocks hit lowest in almost 2 years

Tue Aug 26, 2008 11:59am BST
 
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LONDON (Reuters) - World stocks fell to their lowest in almost two years on Tuesday as fresh concerns about the financial sector and growth outlook prompted investors to dump risky assets.

By 8:45 a.m. British time, the MSCI world equity index fell as low as 330.12, hitting its lowest since September 2006 and bringing losses this year to more than 18 percent.

(Reporting by Natsuko Waki)

 
A pedestrian passes a Vodafone store on Oxford Street in central London, November 10, 2009. REUTERS/Kevin Coombs
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