By Amanda Cooper
LONDON (Reuters) -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.
Chinese stocks staged a more muted recovery, having touched their lowest in five years the previous day after the country’s cabinet pledged to take more effective measures to stabilise market confidence. One option included mobilising some 2 trillion yuan ($278.53 billion) to support the stock market, according to a Bloomberg News report.
Elsewhere, investors have been encouraged by the prospect of falling interest rates in…
