Hong KongÆs move was followed by a slew of other central banks, including the Federal Reserve, which eased rates in a coordinated effort to stem the sharp falls in the global stockmarkets. China too announced a rate cut, its second in a month. In the US, the Dow Jones index plunged 12.9% in the five sessions to Tuesday, wiping out trillions of dollars of wealth, while the Hong Kong market closed for a holiday on Tuesday lost...
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