Word: kong
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Dates: during 2000-2009
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...Worst hit Monday was Tokyo's Nikkei index, whose 6.4% slide to 7,162.9 points marked its lowest level since 1982. Hong Kong's Hang Seng was down 12.7%, its biggest single-session drop in 17 years. Other Asian indices suffered more modest declines, but all were down besides South Korea's Kospi, which was up a modest 0.8% due mostly to an interest rate...
...very clear just how little investors [in Asia] had factored in a very steep global slowdown," says Kirby Daley, senior strategist at financial services firm Newedge Group in Hong Kong, where the Hang Seng index fell...
...With reporting by Michael Schuman / Hong Kong...
...Experiment, yes, but don't lose sight of core values - and maintain a commitment to openness and market-friendly policies. To shore up a plunging stock market, Hong Kong's government intervened by buying up blue-chip stocks. A decade later, a government that once prided itself as a bastion of the free market still runs a big portfolio of leftover shares and has occasionally meddled in the economy in ways that have confused businesses and the community at large. And while Malaysia's market interventions helped the country through the crisis, the country never recovered the openness and tolerance...
...What's the biggest misconception Americans have of China? Gloria Lepp, Portland, Ore. Americans still think that people in China are peasantlike and backwards. The other stereotypes are the sword-fighting films, dragon ladies, and triads from Hong Kong. That's why for me it's so important to make movies about the real people...