Global Markets: Asia stocks struggle even as China slashes rates
Tue, Feb 20, 2024 1:28 PM

Global Markets: Asia stocks struggle even as China slashes rates

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Asian shares were mostly lower despite a larger-than-expected interest rate cut in China. The Shanghai Composite and blue chips fell, but the Australian dollar may be supported by the cut. Global markets are uncertain about future rate cuts after high inflation readings in the US, and focus will be on economic indicators this week. The dollar remains strong against the yen.

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