Stock market rally peters out amid continued turmoil
by Julia Kollewe in London and Justin McCurry in Toky from on (#11BED)
Gloom takes hold despite China's central bank pumping 64bn worth of liquidity into financial system
Shares in Asia experienced further turmoil after an earlier rally petered out, extending the rout on global stock markets prompted by growing fears over the global economy.
European stock markets turned negative after a small rebound earlier on, as oil prices continued their slide. Similarly in Asia Pacific, modest early gains were soon wiped out as gloom took hold in late afternoon trading, led by heavy selling in Japan, Hong Kong, mainland China and South Korea.
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