You are here

Asian stocks continue slide after Fed emergency cut fails to lift mood; STI down 2.5%

AB_stocks_160320.jpg
Asian shares resumed their drop after the US Federal Reserve made another off-cycle emergency rate cut, with the sell-off on Monday suggesting policy measures, at least temporarily, are not enough to calm markets spooked by the escalating fallout from Covid-19.

ASIAN shares resumed their drop after the US Federal Reserve made another off-cycle emergency rate cut, with the sell-off on Monday suggesting policy measures, at least temporarily, are not enough to calm markets spooked by the escalating fallout from Covid-19.

"The Fed rate cut, rather...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes