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Black Friday for Asian bourses, KLCI down 3.6 pct
Wong Choon Mei
Oct 10, 08
5:16pm

Malaysian shares plunged nearly four percent on Friday, as huge overnight losses on Wall Street triggered a domino effect in Asia.

The losses in New York, worst than those seen in the immediate aftermath of the Sept 11 attacks, have persuaded investors the string of of multi-billion dollar bailouts plus concerted interest rate cuts will do little to keep a full-blown global recession from occuring
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