Asian shares struggle for traction as Fed cut fails to lift confidence - News Daily

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Tuesday, March 3, 2020

Asian shares struggle for traction as Fed cut fails to lift confidence

By Tom Westbrook SINGAPORE (Reuters) - Asian shares wobbled on Wednesday and bonds held gains, as an emergency rate cut from the U.S. Federal Reserve did little to soothe investor fears over the coronavirus's widening fallout. The surprise 50 basis point cut came with commentary highlighting the limits of monetary policy, and Wall Street indexes fell sharply, gold surged and the dollar sank

The post Asian shares struggle for traction as Fed cut fails to lift confidence appeared first on Firstpost.



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