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Here’s How Asia Investors are Reacting to the Emergency Fed Cut
A central bank misfire, a temporary stabilizer, an opportunity for bargain hunting. These are some of the disparate views in Asian markets Wednesday, after investors awoke to the first emergency Federal Reserve rate cut since the financial crisis. One unifying theme seemed to be that the Fed move was only the beginning, with further action now expected as policy makers across the world react to the economic impact of the spreading coronavirus. Here are a selection of comments from strategists and investors: Fed Misfire Kerry Craig, Melbourne-based global market strategist at JPMorgan Asset Management “The U.S. ... (full story)