The Euro Rises on Spanish Rescue, Stocks Next

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The Euro Rises on Spanish Rescue, Stocks Next Jun 11th 2012, 00:56 Asian stock markets slumped early Thursday after Wall Street suffered a pummelling, with a surge in Italy's borrowing costs fuelling global anxiety about the future of the euro.The common European currency dipped, Hong Kong stocks slumped more than four percent in morning trade and in Tokyo, the Nikkei was down more than two percent by the lunch-time break."Just as everyone was beginning to see light at the end of the tunnel, the European crisis seems to have got worse overnight," IG Markets analyst Stan Shamu said in Sydney, where stocks dived more than three percent.

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