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Asia Stocks Edge Up

Aussie rate cut spurs recovery in some markets, Nikkei down to 5-year-low

By Rob Quinn,  Newser Staff

Posted Oct 7, 2008 4:58 AM CDT

(Newser) – Asian stocks outside Japan made a modest recovery from yesterday's plunge after Australia slashed its interest rate a full percentage point to 6%, Reuters reports. Indexes in South Korea, Taiwan and Singapore all edged up slightly. In Japan, the Nikkei was down 3% to a...   Read full story »

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