Australian shares fall as Fed rate cut fails to rein in virus fears; NZ slips
Australian shares fell on Wednesday as
investors fled to the safety of bonds on fears that the U.S.
Federal Reserve’s emergency interest rate cut would not be
enough to buffer the global economy from the widening fallout of
the coronavirus.
investors fled to the safety of bonds on fears that the U.S.
Federal Reserve’s emergency interest rate cut would not be
enough to buffer the global economy from the widening fallout of
the coronavirus.
Posted by Reuters
