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Stocks fall on worrying economic news in China, U.S.

Published 11/23/2011, AP Business Writers

Worrying economic signals from China and the U.S. sent stocks sharply lower today. The Dow Jones industrial average sank 190 points. Overseas markets also declined after an auction of German debt drew surprisingly little interest. Germany has Europe's biggest economy and has been the main financial backer of bailouts for its smaller neighbors like Greece and Portugal. The wariness about German debt suggests that the crisis might be infecting the large nations that are doing the most keeping the euro currency afloat.

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