Posted AT 7:50 AM EST on 21/08/08
Global stocks fall on fresh financial worries
LONDON — World stocks and the dollar fell on Thursday after concerns grew about the fate of U.S. mortgage firms and the health of the broader financial sector, while a weak dollar helped oil and commodities extend rebound.
On Wednesday, investors dumped Fannie Mae and Freddie Mac stock on fears of an imminent government bailout, knocking the shares to their lowest in nearly 20 years.
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