CAPITAL PARAMOUNT UPDATE: ASIAN MARKET

Asian stocks hit a fresh 9-1/2-month low on Friday while spot gold slipped to its lowest price in nearly three years as the US Federal Reserve's plan to scale back stimulus continued to worry investors.

 

But China's central bank offered some comfort to stressed money markets, relieving Thursday's crushing liquidity squeeze with "window guidance" to major state banks to resume supplying funds, after indicative interbank rates reached highs above 25 percent on Thursday.

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