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Rate Cut Sparks Global Market Rally

Investors pour back into markets looking for bargains with cheap money

By Jim O'Neill, Newser User

Posted Oct 30, 2008 6:42 AM CDT

(Newser) – World markets rode the back of yesterday’s Fed rate cut to huge gains as investors began looking for bargains and flooded the exchanges with cash, reports the Guardian. Hong Kong was up 12.8%, Seoul rose 11.95%, and Tokyo saw a jump of... Read full story »

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Rate Cut Sparks Global Market Rally

Investors pour back into markets looking for bargains with cheap money

yen • Asian markets • US dollar • European stocks • financial crisis

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