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Asian stocks continue slide after Fed emergency cut fails to lift mood; STI down 2.5%
Asian shares resumed their drop after the US Federal Reserve made another off-cycle emergency rate cut, with the sell-off on Monday suggesting policy measures, at least temporarily, are not enough to calm markets spooked by the escalating fallout from Covid-19.
PHOTO: BLOOMBERG
ASIAN shares resumed their drop after the US Federal Reserve made another off-cycle emergency rate cut, with the sell-off on Monday suggesting policy measures, at least temporarily, are not enough to calm markets spooked by the escalating fallout from Covid-19.
"The Fed rate cut, rather...
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