Seems like we can avoid another scene like that in AIA Singapore again. No rate cut was made. The Federal Reserve is readying a loan of $85B to AIG, in exchange for an 80% stake in the insurer. Barclays is buying some of Lehman's assets, where the US bankruptcy judge approves "automatic stay" status for JP Morgan to continue providing trade-clearing advances to Lehman's broker-dealer unit. WAMU is also up 16% due to talks of fresh interest from a large institution. Thus, has all these events salvaged the turbulence in Asia, and create a positive spur of sentiment for the international markets? Let's take a quick snapshot in early Asia and US closing markets in the morning. All Ordinaries Australia 4,843.4 8:28AM SGT 43.600 (0.91%) Nikkei 225 Japan 11,830.34 8:28AM SGT 220.62 (1.90%) KOSPI Korea 1,425.59 8:48 AM SGT 37.84 (2.73%) S&P 500 US 1,213.59 20.89 (1.75%) DJIA 11,059.02 141.51 (1.30%) Nasdaq 100 1,724.08 18.62...
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