4 years, 8 months ago
Asian stocks rise after Wall Street gains on aid hope
Deccan ChronicleTokyo: Asian markets were mostly higher on Friday after the latest US coronavirus stimulus measures boosted Wall Street overnight. In its latest attempt to ease the economic pain inflicted by the COVID-19 pandemic, the US Federal Reserve said it would pump $2.3 trillion through new lending programmes. The Fed appears to be "on a mission to blow holes in every dam that stops the flow of credit", said Stephen Innes, chief global markets strategist at AxiCorp. "We anticipate the worst economic fallout since the Great Depression," said IMF chief Kristalina Georgieva, urging governments to provide lifelines to businesses and households alike, and cautioned that "it could get worse".
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3 days, 1 hour ago
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4 months ago
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