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 occuringNot a Subscriber?, not just to read the news, but to support Independent Media that gives you accurate, balanced and fast news coverage. Build your own opinion on political developments!
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