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Wednesday, January 23, 2008

World stock markets up today

KK

 

KARACHI: Aiming to prevent the U-S economy from falling into a recession, the US Federal Reserve Bank has slashed its key short-term interest rate by a dramatic 3 quarters to 3.5 percent.
As a result, world stock markets opened today on positive trends.
The Asian markets also opened today on positive trends, with the The Hang Seng going up 1,150 points, the Nikkei up by 256.01 points while the sensex ended two days of heavy losses with a 772 point gain in morning trade.