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HONG KONG, Oct 1 Asia Pulse - Highlights of today's newspapers:
SOUTH CHINA MORNING POST:
- Regional markets were caught in a whirlwind of volatility yesterday as investors scrambled to make sense of the stunning rejection by United States lawmakers of the country's US$700 billion financial bailout plan.
- The impact of the global financial crisis on Hong Kong manufacturers is expected to be worse than that of the Sars epidemic of 2003.
- The Securities and Futures Commission said yesterday it was prepared to crack down more aggressively on illegal short selling in the markets but refused to heed calls by legislators and commentators to completely ban the practice for financial stocks.
- Home-buying confidence is improving in Nanjing after the city introduced a package of stimulus measures, raising hopes that more major mainland centres will follow suit.
- Hong Kong shares recouped steep early losses to end slightly higher yesterday as a two-day, 10 per cent slide spurred sellers to cover short positions on expectations lawmakers in the United States would approve a stalled US$700 billion rescue ...
Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - OCT 1, 2008.