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Asia Stocks Seesaw Despite China Rate Cut

Markets in Asia swung wildly but were mostly lower on Wednesday, as China's move to cut interest rates failed to alleviate investors' concerns about the health of the world's second-largest economy. The Shanghai Composite Index opened a volatile day of trading with slight gains. By around midday, the benchmark index was still see-sawing but had lost just over a percent. The Shenzhen Composite Index was down nearly 2 percent. Elsewhere in Asia, trading was mostly lower,...

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