Word: kong
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...total of $100 billion and to inject a further $30 billion into financial markets. The steps are aimed at alleviating growing difficulties Korean banks have faced getting U.S. dollar financing from skittish international banks. Korea's move followed the lead of other Asian governments. Last week, Hong Kong, Singapore and Malaysia guaranteed all bank deposits, part of a larger effort to rebuild confidence in financial markets. A half dozen Asian central banks, including China's, have cut interest rates in recent weeks. Central banks have also taken action to boost liquidity...
...measures appear to have helped unlock frozen credit markets. The three-month Hong Kong interbank rate, or HIBOR, a measure of the difficulties of getting access to credit, fell by more than half a percentage point Monday, the biggest drop in a decade...
...That language scarcely matches the drama of the world financial crisis, but it did at least contribute to the modest optimism with which markets have attacked a new week of trading. Japan's Nikkei index climbed 3.6%, Hong Kong's Hang Seng rose 5.3%, and South Korea's Kospi jumped for the first time in a week: a 2.3% hike inspired in part by a $130 billion government assistance plan for banks announced in Seoul on Sunday...
...makers of the Max movie - director John Moore, screenwriter Beau Thorne - want you to think of their effort as less video game than film noir. Or a Woo noir, since the picture owes a lot to the visual grit and zazz of John Woo, the Hong Kong director (A Better Tomorrow, The Killer, Hard Boiled) who made good in Hollywood with the crackerjack Face/Off. Surly men in overcoats trudge through a nightscape with very busy meteorology: when it isn't pouring rain there are snowflakes everywhere, like the residue from an Olympian pillow fight. And down these gaudily monochromatic streets...
...recession. And as this week wound down, observers of both markets and wider economies seemed uncertain whether to applaud or cry. Following dismal sessions Wednesday and Thursday, activity on Asian indices Friday was mixed, with Toyko's Nikkei up 2.2% aside more modest gains in Singapore and China. Hong Kong's Hang Seng remained flat, however, while South Korea and Australia slightly slumped. Inspired by that trend - as well as Wall Street's rebound from early losses Thursday to finish 4.7% up - European markets began Friday higher with London's FTSE 100, Frankfurt's DAX, and Paris...