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Japan's Nikkei share average .N225 finished 0.45 percentlower, with big exporters such as Honda Motor Co (7267 nba.com - timberwolves .T) andCanon Inc (7751.T) among the biggest drags on the index minesota timberwolves . The scandal surrounding Indian IT company Satyam ComputerServices (SATY.BO) sparked fears foreign investors may pull outof the country, especially so soon after attacks that paralysedMumbai late last year timberwolves basketball . [ID:nBOM394323] The chairman of thecompany resigned on Wednesday after saying that 94 percent ofthe cash and bank balances on the company's book at the end ofSeptember did not exist t wolves . The BSE index .BSESN was down 2 percent, and Satyam'sstock was savaged, falling 50 percent mark madsen . NO CHOICE BUT CUT South Korean stocks tied with Indian equities as theregion's biggest decliners, with the benchmark KOSPI also down 2 percent after the country's central bank cutinterest rates by 50 basis points to a record low and warnedAsia's fourth-largest economy would slow further. "The Bank of Korea has no choice but to cut interest rates,given a slowing economy Timberwolves tickets .

The economy probably contracted in thefourth quarter and the first quarter is seen worse," said ParkSang-hyun, chief economist with HI Investment & Securities inSeoul . [ID:nSEO79678] Policymakers in China, India and Korea were the mostaggressive in Asia in trying to protect their economies as theworsening global downturn really bit into the region in thesecond half of 2008 lakers . But other Asian central banks have lately had to step uptheir actions with export sectors gutted, domestic growthcrippled and bank lending still sluggish spurs Minnesota Timberwolves . Taiwan unexpectedlyslashed rates and Indonesia eased more than forecast this week . Bond market investors meanwhile have been more focussed onnew global bond issuance, hungry for higher yields,particularly with credit markets showing signs ofstabilisation. The cost of insuring investment-grade bonds against defaultor restructuring in Asia ticked up but remained much lower asinvestors bet massive fiscal stimulus plans and rock-bottominterest rates will eventually help global growth.[ID:nHKG79453] U Minnesota Timberwolves - wikipedia .S. corporate debt proceeds of $19.9 billion in the firstfull week of 2009 were the highest since May 2008, according toThomson Reuters data, as companies took advantage of the windowof calm in capital markets to push through deals The budding enthusiasm has slowly peeled money away fromU.S Treasuries.

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