G10 bankers: Stock correction reminds of risk

G10 central bankers said Monday 12 March that the recent correction in stock markets was a useful reminder of the risks faced by investors, but it has not altered fundamental growth prospects.

The central bankers group held their meeting in Basel.

The correction, sparked by heavy losses in China late February which then moved over onto Wall Street and other markets, was "broad, global and rapid", said G10 chairman Jean-Claude Trichet.

It was a "useful reminder that there are still risks. Our con

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