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Markets 3 years ago
Hong Kong, Shanghai lead market losses as China rate cut falls flat
Stocks in Hong Kong and Shanghai led equity losses Tuesday as a smaller-than-forecast interest rate cut by China's central bank added to worries about the lack of action to kickstart the country's lumbering economic recovery.
Markets 3 years ago
Stocks wobble, dollar at six-week high, on debt impasse
Global shares dipped on Wednesday, while the dollar headed for its strongest weekly gain since February to trade at six-week highs, reflecting risk aversion among investors, as there is no breakthrough in sight yet over the US debt ceiling.
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