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Dows 11pct rise highlights different treatment for airlines, as they mostly lagged increases

29-Oct-2008

The buying frenzy that ended Wall Street trading yesterday, resulting in a 10.9% increase in the Dow Jones index, has not been imitated in Asia today, with most markets moving up a more modest 3-4%. The big exception was Japan, with a 9% rise by mid-afternoon, as a rate drop of 25 basis points was expected and as the USD rose some 5% against the yen. [430 words]

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