Around the world's markets: New York

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INVESTORS bailed out of Wall Street as the deepening crisis in Russia hit global markets and raised fears of a domino effect that could depress US growth and corporate profits.

The second heaviest day of trading ever on the New York exchange left the Dow down 357.36 points, or 4.19 per cent, at 8,165.99, its lowest since February. The Nasdaq composite suffered worse carnage, ending down 81.72 points, or 4.62 per cent, at 1,686.41.