Asian shares rise, but rush for dollars shows crisis is not over yet
Australia market gains 4.2% and futures for Japan’s Nikkei rise as China set to unleash trillions of yuan of fiscal stimulus
20 March 2020 - 07:52
Sydney — Asian shares staged a rare rally on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though the panicked rush into US dollars suggested the crisis was far from done.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 3.2%, after seven sessions of losses...
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