HONG KONG -- Markets in Hong Kong and Japan fell on Monday over heightened U.S. recessionary fears, but China and India, the less-mature emerging market giants, continued to buck the bearish trend by delivering modest gains.The Hang Seng recovered half its morning losses by the close, but dropped 340 points, or 1.2%, to 27,179, while China's Shanghai Composite Index rose 31 points, or 0.6%, to 5393.
Hong Kong Phooey
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