
The European stock markets initially followed their Asian counterparts lower, plunging at the start of trading and then see-sawing back and forth in frenzied trading as investors looked to the opening on Wall Street for direction. European markets later recovered partially and showed more modest declines by late afternoon trading.
http://www.nytimes.com/2008/01/22/business/worldbusiness/23cnd-asiastox.html?ex=1358744400&en=8f50b11810d105ce&ei=5124&partner=permalink&exprod=permalink
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