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(单词翻译:双击或拖选)
Trader walks in front of electronic board at Philippine Stock Exchange, financial district of Makati, 2 Dec 2008 |
Another miserable3 day on Asian markets was sparked by more news that the American economy continues to falter1.
In the United States, the National Bureau of Economic Research says the country went into recession a year ago. Adding to the gloom was data that indicated that U.S. factory activity dipped to a 26-year low in November.
Asian markets slumped4 as a result. In Japan, the Nikkei lost more than six percent of its value. There were falls in Hong Kong, Singapore, Taiwan, South Korea and the Philippines.
In Tokyo, shares in one of the world's biggest steel makers5, JFE Holdings, lost almost a tenth of their value.
Markets in Australia followed the regional trend downwards6, despite another sizable cut in interest rates, to 4.25 percent.
Economists7 in Australia say the reduction failed to revive ailing8 local stocks, because the anticipated cut had already had been largely factored in to the market.
Despite a subdued9 reaction, analyst10 Stephen Halmarich says the Reserve Bank of Australia's decision will help to lift the gloom.
"We see that as a very positive sign for the outlook for the economy, but clearly they are concerned that the global outlook is so negative and financial markets are so fragile that they need to move as quickly as they have," he said.
Australia's economy is not expected to go into recession. However, a slowdown is widely anticipated, with unemployment likely to rise.
Next week, the Australia government starts its multi-billion dollar spending package that is designed to stimulate11 growth. Pensioners12 and families are to be given one-off payments of up to (US)$1,300, to help fuel consumer demand.
The Bank of Japan is also trying to rebuild confidence with a range of measures, including a new lending scheme.
Jitters13 in the markets may take time to dispel14. Monday, the Dow Jones industrial average plummeted15 almost eight percent, wiping out more than half of last week's big gains.
1 falter | |
vi.(嗓音)颤抖,结巴地说;犹豫;蹒跚 | |
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2 faltering | |
犹豫的,支吾的,蹒跚的 | |
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3 miserable | |
adj.悲惨的,痛苦的;可怜的,糟糕的 | |
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4 slumped | |
大幅度下降,暴跌( slump的过去式和过去分词 ); 沉重或突然地落下[倒下] | |
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5 makers | |
n.制造者,制造商(maker的复数形式) | |
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6 downwards | |
adj./adv.向下的(地),下行的(地) | |
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7 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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8 ailing | |
v.生病 | |
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9 subdued | |
adj. 屈服的,柔和的,减弱的 动词subdue的过去式和过去分词 | |
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10 analyst | |
n.分析家,化验员;心理分析学家 | |
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11 stimulate | |
vt.刺激,使兴奋;激励,使…振奋 | |
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12 pensioners | |
n.领取退休、养老金或抚恤金的人( pensioner的名词复数 ) | |
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13 jitters | |
n.pl.紧张(通常前面要有the) | |
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14 dispel | |
vt.驱走,驱散,消除 | |
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15 plummeted | |
v.垂直落下,骤然跌落( plummet的过去式和过去分词 ) | |
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