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Around the World's Markets: New York

IN NEW YORK, the Dow industrials see-sawed again in choppy afternoon trade as wearied investors stepped back to determine if the blue chip sell-off had fully run its course.

By 7.15pm BST the Dow Jones Industrial Average was up 13.65 points at 8560.43, having fallen 50 points in the first 30 minutes of trade. In the past three weeks the Dow has fallen about 9 per cent. Analysts believe there is more room on the downside for the index, which has soared more than 120 per cent in three and half years.