business

Asian stocks sink after Wall St pulls back from record

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By JOE McDONALD

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China is tempering...

China is actually loosening, having lowered its banks' reserve ratios about three weeks ago to create more liquidity. They earlier flirted with tapering, but started the loosening after the Modi virus started to take a global toll.

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Obviously, that is not the case.

China is tempering, and doing what the US and FED should have done a long time ago but decided to go a different way.

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