To cut spending, including stopping public works and cutting funding transfers to the provinces. These measures effectively reduced Argentina's inflation level, enabled the economy to gradually emerge from recession, and provided a basis for the rise of the stock market.
Taiwan's weighted index closed down . on the last trading day, and rose . for the whole year, marking the second consecutive year of increase, the largest annual increase since , and ranking first in AsiaPacific.
The Japanese stock market also performed well, continuing its upward switzerland phone number list trend in . As of the close of December , the Nikkei index closed down . at ,. points, and closed up . for the whole year, marking the second consecutive year of increase.
The South Korean stock market performed poorly, with the Korea Composite Index closing down . at . points, with an annual decline of ., while it rose . in . The decline was mainly due to declining performance of semiconductor companies and turbulent political situation
A shares end twoyear decline
On the last trading day of this year, the three major Ashare indices closed down collectively, with the Shanghai Composite Index down . to , points, the Shenzhen Component Index down ., and the ChiNext Index down .