Global stocks inched down from one-month highs on Tuesday, after the Bank of Japan left monetary policy unchanged, bolstering the yen and Japanese stocks, while Chinese investors took little heart from speculation of a huge government rescue package. The MSCI All-World index was flat on the day, but held near one-month highs, thanks in part to an almost 3% rebound in Hong Kong stocks that had slumped the previous day, when foreign outflows gathered pace and short selling surged.
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