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China Banks Cut Key Rate by Record to Boost Ailing Economy

Stocks feeling shaky, China stimulus and Biden in South Korea. 

US stocks are headed for a seventh successive week of declines, the longest losing streak since the bursting of the dotcom bubble, as traders fret the possibility of slowing earnings growth. Federal Reserve Bank of Kansas City President Esther George said "the rough week" in the markets wasn't surprising and was "one of the avenues though which tighter financial conditions will emerge". Today may be a particularly stern test of the market — with a risk of further volatility — as Goldman Sachs Group Inc. estimates that $460 billion worth of derivatives across single stocks and $855 billion of S&P 500-linked contracts will expire.