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World stocks lose despite rate cuts
(Agencies)
Updated: 2008-10-09 09:40

A man looks at a screen displaying Japanese stock prices in Tokyo October 8, 2008. The Nikkei average plunged 9.4 percent on Wednesday, its biggest one-day drop since the 1987 stock market crash, as fear spread of a global recession, fueled by expectations of a slide in profits at Toyota Motor Corp and a firmer yen. [Agencies]