Asian stock markets resumed their downward slide Friday after Wall Street fell to its lowest levels in more than 12 years amid deepening fears about the fate of General Motors Corp. and major financial companies.
The region's retreat marked a return to the selling that had gripped global equities markets until a brief rally earlier this week on hopes China would announced major new stimulus measures.
Investors, already deflated after Beijing failed to deliver, were forced to grapple with a warning from General Motors that the struggling automaker may have to file for bankruptcy.
Along with growing uncertainty about the financial system, the news led …
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