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’Asian stocks tumble
Asian markets fell across the board on Friday, following the declines on Wall Street. Nikkei fell 1.7 per cent and Hong Kong shed 836 points, or 2.7 per cent, while Taiwan’s Taiex index fell 238.026, or 2.5 per cent.
ECB chief fails to reassure markets
Renewed turmoil in global money markets sent stock prices falling around the world on Tuesday and in Asia on Wednesday as investors ignored a declaration by Jean-Claude Trichet, ECB president, that conditions were returning to normal.
Japanese say hai to hedge funds
In a country where the majority of household financial assets are squirrelled away in safe bank or post office accounts earning tiny rates of interest, a retail hedge fund market might seem an outlandish proposition,