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World stocks mixed after Wall Street sinks despite rate cut

March 4, 2020

Via: ABC News

BEIJING — Global stock markets were mixed Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears the virus outbreak might stunt global economic activity.

London opened lower while Germany advanced. Shanghai gained, Sydney and Hong Kong declined and Tokyo was little-changed.

Seoul’s benchmark surged 2.2% after the government announced a spending package to pay for medical supplies and aid to businesses hurt by the virus.

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