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Fri, Aug 17, 2007 - Page 10 News List

Asian markets fall to lowest in months

FUND INJECTIONS The US Fed and Bank of Japan were quick to pump cash into their banking systems, with New Zealand, Australia and South Korea ready to follow suit


New Zealand's benchmark NZX-50 fell 1.2 percent yesterday to close at 3,957.94, its fifth loss in five days.

Australia's benchmark S&P/ASX 200 index closed down 1.3 percent at 5,711.5.

Stocks also plunged elsewhere in Asia.

The Philippine benchmark index closed down 6 percent after crashing through the 3,000 mark. Indonesia's standard stock index was down more than 6 percent.

China's main index in Shanghai fell 2.1 percent. Singapore's Straits Times Index was down 4.3 percent, and India's Sensex 30 stock benchmark index lost 4.3 percent to close at 14,358.21 -- the sharpest decline since May 18 last year. Malaysia's Kuala Lumpur composite index slid 3.5 percent to 1,207.61.

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