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European markets recover lost ground
(Agencies)
Updated: 2008-10-09 20:13 Hong Kong's Hang Seng index gained 3.6 percent to 15,985.39, while South Korea's key index rose 0.6 percent after earlier rising as much as 2.9 percent. The Chinese mainland's main index fell 0.8 percent as investors continued to unload shares in banks and property firms even after its central bank lowered rates Wednesday. In Indonesia, trading on the Jakarta Stock Exchange was canceled Thursday after the benchmark JSX index sank 10.4 percent Wednesday before trading was suspended by late morning. Authorities ordered the market to stay closed, possibly through Friday, following a late night Cabinet meeting. |