In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each. five words have been suggested, one of which fills the blanks appropriately. Find out the appropriate word in each case.
Amid rumours of the government planning a crackdown on stock speculation, the Shanghai stock index (1) 8.8 per cent on February 27′, its (2) one day drop in a decade. (3) usual for China’s stock markets, investors in New York’s equity markets saw this and sent the Dow Jones industrial index down more than 400 points. The drop in New York’s index in turn (4) fear in markets across Asia the following day and suddenly stock indexes across the world(5). This chain reaction plainly (6) the increasingly (7) place that China now occupies in the minds of global investors. Its extraordinary economic run has been the key reason for (8) demand for everything from copper to cars much to the (9) of multinational and Chinese investors alike. But while investors are right about China’s growing economic importance to the world they are still confused about how to (10) a decline in Chinese stocks.
