BANGKOK - World stock markets began to claw back some lost ground Wednesday, following a wave of selling sparked by fears that Greece might reject an austerity plan and default on its massive debts.
Oil bounced to near $93 a barrel, while the dollar fell against the euro and the yen.
Stocks have struggled since Monday, when Greece's prime minister unexpectedly announced he would call a national vote on an unpopular European plan that entails painful tax increases and drastic welfare cuts for his debt-ridden nation.
World stock markets regain ground lost after Greek proposal for bailout referendum
