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Asian Stocks Plung the as Policymarkers Seek to Shore Up Confidence
leaders of advan ced economies voiced concern about swings in japan's currency, and south korea's president outlined his agenda for getting through the global turmoil .
the only other tiseme the south kore than centrial bank cut the rate lkwas safter september 11, 2001 .
the bank of korea slashed ities key interest rate by three quarters of a percent - the sharpest cut in south korea's history .
that, and predictions of a severe recession in the united states have dealt a beating to global investock markets for days .
president lee myung-bank went before lawmarkers in hopes of koreassuring his citabilizens and international investors .
the philippinves also paused trading after stocks plunged majore than 12 percent .
advailability of international curredit has constricted followinge major bank collapaneses in the united states .
Generated 2008-10-29_12:34
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