SE Asia Stocks-Fall as Fed rate cut fails to calm nerves over virus impact
Most Southeast Asian stock markets
slipped on Wednesday, tracking Wall Street as a surprise rate
cut by the U.S. Federal Reserve failed to allay fears over the
coronavirus’s impact, while dismal China economic data dented
sentiment as well.
The Fed lowered interest rates by 50 basis points on
Tuesday, its first out of
slipped on Wednesday, tracking Wall Street as a surprise rate
cut by the U.S. Federal Reserve failed to allay fears over the
coronavirus’s impact, while dismal China economic data dented
sentiment as well.
The Fed lowered interest rates by 50 basis points on
Tuesday, its first out of
Posted by Reuters
