Asian stocks soar on joint central bank action (AP)

By admin on December 1st, 2011

Specialist Gregg Maloney, right, works on the floor of the New York Stock Exchange Wednesday, Nov. 30, 2011. A move by the world’s central banks to lower the cost of borrowing exhilarated investors Wednesday, sending the Dow Jones industrial average soaring 490 points and easing fears of a global credit crisis similar to the one that followed the 2008 collapse of Lehman Brothers. It was the Dow’s biggest gain since March 2009. (AP Photo/Richard Drew)AP – Asian stock markets soared Thursday after major central banks acted in concert to lower borrowing costs, hoping to prevent a global credit crisis similar to the one that followed the collapse of Lehman Brothers in 2008.


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