US market plummeted 4% to a new 12 year low on Thursday, largely dragged by financial stocks. The market was hit by a bunch of bad news and also disappointed to the absence of China's new economic stimulus plan, which was highly expected and sparked the rally in the previous trading day. Yesterday the Australian market closed higher led by resources sector as Chinese Premier Wen Jiabao said the Chinese government will increase spending to boost the economy and achieve an 8% growth target ...
http://www.youtube.com/watch?v=oJmWq9BFIoU&hl=en
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