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Global rate cuts, monetary stimulus, fiscal packages fail to calm markets

Investors still in sell mode in expectation of prolonged pandemic, analysts say

An overnight plunge of more than 6 per cent on Wall Street sent key equity gauges in Asia reeling on Thursday.


WHILE policymakers are pulling out all the stops from rate cuts and asset purchases to the unprecedented shutting down of borders to save their epidemic-hit economies, financial markets remain freaked out by Covid-19.

Such "scary" market behaviour in full swing, say...

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