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

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

Wednesday, March 4, 2020, 2:47 PM

Asian shares wobbled on Wednesday and bonds held gains, as an emergency rate cut from the US 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.
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