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Roller coaster shares.

Byline: Neil Hodgson

INVESTORS experienced a roller-coaster ride today after London's FTSE 100 Index swung wildly in volatile trading.

After a dramatic early 4% fall for London's leading shares following yesterday's slump, the Footsie moved back into positive territory as bargain-hunters looked to snap up cheap stocks.

Heavy overnight losses in Asian markets triggered the early sell-off as fears over a US recession shook global exchanges.

But the Footsie, already trading in a 300-point range today, could be set for further jolts when US markets open later.

The sell-off was sparked on Friday when US investors were unimpressed by President Bush's plans to stimulate the all-important US economy with tax breaks.

Yesterday the Footsie lost pounds 77bn, its worst one-day fall since the 9/11 terror attacks in 2001.

CMC Markets analyst James Hughes said: "It's crazy - it's hard to fathom what is going on.

"People are sniffing around the carcasses trying to pick something up."
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Publication:Liverpool Echo (Liverpool, England)
Date:Jan 22, 2008
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