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Markets rally fizzles in US as China worries persist

The global markets rebound fizzled out on Wall Street Tuesday as investors locked in gains and took cover from more possible turmoilThe global markets rebound fizzled out on Wall Street Tuesday as investors locked in gains and took cover from more possible turmoil. What appeared one hour before the close of New York trading as a solid comeback, after the global “Black Monday” onslaught of selling, turned into a sixth straight day of losses on US markets. Frankfurt and Paris closed up more than 4.0 percent, while London gained 3.09 percent.

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