New Overnight Developments Abroad: High Hopes Surround New Policy Measures
September 19, 2008
The dollar, world stocks, and sovereign bond yields have soared in response to talk of a RTC-like entity to process bad mortgage-related debts and to various other measures introduced by policymakers. Stocks in emerging markets score biggest gain in at least 21 years. Russia +22%. China +9.3%. Vietnam and the Philippines +4.7%. Malaysia +3.4%. Taiwan [...]
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