U.S. stocks open higher, most Asian markets drop, China regai...

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In China, the Shanghai Composite Index rebounded 3.9% to 2,881.07, recovering from its 8.8% plunge Tuesday, its largest decline since Feb. 18, 1997.

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austerity measures from Beijing to slow the nation's sizzling economy.

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"I think the important thing to note is that this hasn't been triggered by an economic, financial or political crisis."

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