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Asian stock markets extended a sell-off, following a dismal session on Wall Street that was sparked by the revelation that debt-strapped Greece would not be able to reach a target for reducing its budget deficit.

 
 
The vote means Germany will be guaranteeing loans worth euro211 billion to the so-called European Financial Stability Facility,or EFSF, bailout fund.
A three-day winning streak in the stock market came to an end on Wednesday as investors worried about Europe's ability to contain its debt crisis.
She assured visiting Greek Prime Minister George Papandreou of Germany's "full support" for his country to come out of its persisting debt crisis successfully.
 
 
US stocks rose sharply after applications for unemployment benefits fell to a five-month low and the government raised its estimate of US economic growth.
Asian stock markets were mostly higher as European leaders inched toward containing a debt crisis that threatens to derail global economic growth.
Benchmark oil for November delivery was up $1.41 to $81.65 a barrel at mid-afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
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