Asian equities bid October 'good riddance' with a rebound
The ghosts of Octobers past, especially that of 1987, haunted the markets, which could still get jittery ahead of the US mid-terms and from slower growth in China and Europe
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MAJOR Asian equity gauges bade "good riddance" to a gloomy October with visible relief on Wednesday after being rocked by a harrowing sell-off that wiped out between 5 and 13 per cent of their value over the Halloween month, no thanks to a cocktail of potent factors that spooked US stocks.
Fear factors - chiefly trade disputes, beaten-down emerging-market (EM) currencies, a run of weak data signalling slowing growth and rising US interest rates plus the vagaries of geopolitics - had amped up volatility in equities and triggered a global sell-off in October.
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