RENEE MONTAGNE, host:
NPR's business news starts with global markets spooked by the recession.
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MONTAGNE: Stock investors in Asia headed for the exits today. Japan's main index fell more than six percent. South Korea was down more than three percent. Hong Kong's main stock average fell nearly five percent, partly on grim economic news out of China.
STEVE INSKEEP, host:
And partly, perhaps, on grim economic news out of the United States, the Dow fell nearly eight percent yesterday, and that came after the National Bureau of Economic Research issued a report declaring that the U.S. is officially in recession. Transcript provided by NPR, Copyright NPR.