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Asian Stocks Rebound From Rout as Fed Pledges to Support Economy

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Dec 30, 2008
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Asian stocks rebounded from a two- week rout that wiped $7.8 trillion from global equity markets, after the U.S. Federal Reserve pledged to keep its benchmark interest rate at a record low through mid-2013 and said it may use other tools to bolster the world’s biggest economy.


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