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Stocks had their biggest gains in more than two weeks on Monday after European officials vowed to take action to resolve the region's debt problems. The Dow Jones industrial average shot up 272.38 points, or 2.5 per cent, to close at 11,043.86.

 
 
Benchmark oil for November delivery was down 75 cents to $79.10 at midday Bangkok time in electronic trading on the New York Mercantile Exchange.
Shares in Asia tumbled earlier in the day. Japan's Nikkei 225 fell 2.1 per cent to close at 8,560.26. South Korea's Kospi slid 2.9 per cent to 1,800.55.
Stocks erased nearly all of their gains in the last hour of trading after rallying for much of the day on hopes the Fed would stimulate the economy.
 
 
A brutal week for the US stock market ended on a quiet note, but worries about the global economy again pounded copper, gold and other commodities.
The Dow Jones industrial average lost 391 points and at one point was down more than 500, a return to the volatility that gripped the market.
Benchmark oil for November delivery was down $2.52 at $83.40 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.
Most economists expect the Fed to announce a plan oto shift money in its $1.7 trillion portfolio out of short-term securities and into longer-term holdings.
Japan's Nikkei 225 index fell 1.6 per cent to close at 8,721.24 as export shares sagged amid a persistently strong yen that weighs on company profits.
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