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Asain stocks rebound after fed massive ratecut { December 2008 } Original Source Link: (May no longer be active)    http://bloomberg.com/apps/news?pid=20601087&sid=aplnkVbab7tA&refer=home http://bloomberg.com/apps/news?pid=20601087&sid=aplnkVbab7tA&refer=home Asian Stocks Rebound After Rate Cut; Banks, Miners Lead Gains By Chen Shiyin and Emma O'Brien Jan. 23 (Bloomberg) -- Asian stocks rebounded after the U.S. Federal Reserve's surprise interest-rate cut boosted banks and higher metals prices lifted miners. Commonwealth Bank of Australia jumped the most in a decade and BHP Billiton Ltd., the world's largest mining company, soared the most in 20 years. Samsung Electronics Co. and Honda Motor Co. led gains among companies that rely on U.S. sales. Asia's benchmark yesterday completed its worst two-day drop in almost 18 years on concern the global economy is slowing. The rate cut is ``comforting because it indicates that the Fed is starting to pay attention to the maintenance of market stability,'' said Angus Gluskie, who helps manage the equivalent of $500 million at White Funds Management in Sydney. The MSCI Asia Pacific Index added 2.7 percent to 135.64 as of 9:40 a.m. in Tokyo, headed for its biggest gain since Sept. 19. Japan's Nikkei 225 Stock Average surged 3.5 percent to 13,062.41. Australia's S&P/ASX 200 Index jumped 5.1 percent, poised for its largest advance since October 1997. The Fed cut the benchmark interest rate by three quarters of a percentage point to 3.5 percent, its first emergency reduction since 2001. The Standard & Poor's 500 Index fell 1.1 percent yesterday in the U.S. Last Updated: January 22, 2008 19:58 EST

Amex issues cards in china { March 30 2004 } Asain stocks rebound after fed massive ratecut { December 2008 } Cheney pressures china currency on market value { April 14 2004 } China currency overload { July 2006 } China currency peg doesnt violate wto China delays plunge in US treasuries China diversifies forex holdings amid dollar fears China favors shift to currency basket China not manipulating currency says bush { May 10 2006 } China premier wont yield on yuan exchange rate { May 16 2005 } China severs its currency link to dollar { July 21 2005 } China signals switch in reserves away from dollar { January 6 2006 } China to pass japan as american primary lender China to relax yuan dollar peg Euro to allow china to dump the dollar { August 2007 } European bank joins attack on china dollar pegged currency Foreign currency piles up in china { January 17 2006 } Growing chinese influence in economic forum Imf seeks balance in china currency policy debate Korea central bank chief urges china to revalue { February 21 2005 } Senate threatens tariff unless china revalues currency Senators threaten china with tariffs about currency Treasuries fall fears china pulls currency Treasury says china not manipulating currency { October 30 2003 } Treasury told china stop pegging currency to dollar US pressures china currency change { April 22 2005 } Us says china not manipulating currency { October 30 2003 } US threatens china over yuan peg to dollar { May 17 2005 } US threatens trade protection or china revalues currency { April 7 2005 } US urges china currency to rise against dollar { March 23 2006 } Yen climbs on report china ready to loosen exchange rate Yen soars against dollar after china announcement { March 7 2002 } Yuan gains 20perc since end of peg { May 2008 } Yuan record high to dollar { April 2006 } Files Listed: 34

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